Bitcoin Forum

Establishment commentators tend to blame every financial crisis on the "bad luck" of a whole host of factors coming together to create a "perfect storm."  What they "forget" is that the incentives of the modern system always drive the elites themselves to destabilize their own system.  Not sometimes.  Not most of the time.  Always.

They will say that the 2007-8 crisis was a combination of the US banking deregulation of the 90s, the US political agenda of moving poor people into home ownership, the poor financial oversight by the George W. Bush administration, the 'global savings glut,' the existence of a shadow banking system in the US, the loose monetary policy in the aftermath of the dot com bust, etc. etc.  All true.  What they forget to mention is that, if it were not these factors, there would be others (stock buybacks anyone?)  If it hadn't happened in 2007-8, it would have been later.

Only looking at the top of the world system, ie Britain in the 19th century and the US later, we can see that:

- There was a financial crisis in Britain roughly every 10 years from 1810 to the 1860s.

- The British Empire bought itself a couple decades by making gold the only money, and not silver.  (Thereby making itself rich at the expense of silver countries -- not unlike what the US might be doing with crypto-currencies today.)  But in 1890 a financial crisis in London made it necessary for the Bank of England to be bailed out by gold from other central banks, the first time in history.

- Soon after world-leader status was moved to the US, in 1929-31, the Great Depression started with a series of financial crises.

- Though the bloodshed of World War II bought a few decades of stability under the US, it was forced to renounce its promise to allow foreign governments to redeem every $35 for an ounce of gold, in 1971.

- The 1970s global crisis of confidence in the dollar forced the US to pay 20% interest on 30-year Treasuries by about 1980.

- The US stock market crashed in 2000.  By 2002, the NASDAQ had lost 78% of its value at the peak.

- The entire world system teetered on the brink of collapse in 2008.

Remember that, we're only talking about the top of the world system, which is the most stable, by design.  (Paper pound sterling in the 19th century and dollars in the 20th were the world's top reserve currencies of their day.  Every effort is made to make other countries fail first -- e.g. the emerging markets crisis of today helps protect the value of US money and debt.)  Further down the ladder, there were many more crises, plus conflicts and wars.

So the long view reveals the truth.  And the truth is that you can't escape the perverse incentives that make individual members of the elites want to profit or prop up the system today by storing up even more trouble for future elites.  These incentives come directly from the system's core nature of theft and deception.

If we listen to mainstream economists, the reason for recurring crises is that, for some reason, people just want to keep losing money.  They keep chasing risky assets whose high values have nothing to do with being propped up by state-bank-elites.  Right.

This system also punishes prudent people who put the most trust in its promises and its official narratives.  But we have a long-term defense: buy gold, silver, and Bitcoin!

I am glad that I don't have to hedge anything since a large chunk of my wealth is parked in Bitcoin already. I do hold a relatively small amount of gold as well, but I am not planning to add more in the coming years, unless the gold price tanks deep, but that's highly unlikely. In other words, I'm good. In most cases people will only act when it's too late already, which makes me feel sorry for them, but on the other hand it's their ignorance and unjustified trust in the regular economy making them lose out. We have been through so many economical difficulties, that people should have had a wake up call years ago already....

Also I think there's a lot of wisdom in the HODL strategy.  Most of the time, the authorities will want to suppress demand for non-state-issued money.

Historically, whether a country's money is pegged against gold or the dollar, any devaluation is denied vigorously the night before, done overnight by a large enough degree to keep the currency stable, and be stable for at least a while afterwards.  If you didn't own gold or dollars the night before, you lost the opportunity.

The world today is not essentially different, even if we don't live under an official gold or Bitcoin standard.

I'm convinced that the reason people don't wake up to the reality of elite-inflated bubbles is that the media is part of the story-telling machine that numbs the public.

See this thought-provoking piece about this basic reality. (http://epsilontheory.com/this-is-why-we-cant-have-nice-things/)  Ben Hunt argues that we as a species are genetically programmed to respond to simplifying models (that he calls 'memes' and 'narratives') much more positively than we realize consciously.  And the powerful people who run this world understand this better than we do.

Financial crisis will always be here, though not in all parts of the world but at some point, you will still see poor and struggling countries, as long there is a corrupt system this will never change, I am not against any religion or thpe of government, but if you take a look at the golds of vatican, buddhists, once they sell it all, you can help a dying nation, if we check on Venezuela, the country used to be rich back then, but now it is falling apart, however its neighboring countries aren't,  I think this is what will happen once every nation experience financial crisis at the same time, thos who are in power, politically, socially and religiously will be the one that will survive financil crisis, and the rest will be left out, fortunately for us, we already know crypto currency and it will save us once things like it happens.

Financial crisis are inevitable, it will come. But I think it won’t be in the near future

Surely, it will be. The crucial question, who will earn using the future crisis. Do not forget that any crisis is time of opportunities. Look around and try to figure out where you will be able to earn.
I am not afraid of crisis but I am afraid of war.
Let us together to figure out what kind type of assets will be more stable and strong in crisis time. I consider that crypto coins looks excellent and metals (gold, silver)

the financial crisis, the government has anticipated all the possibilities that could cause the financial crisis to happen again. So far, the government has strengthened a number of factors.

Truely this kind of investments are good for financial crisis time because things like internet businesses soar very high in price and value. This is because again, people try to run to the internet for succour. On the other hand, if such crisis leads to war, hmm... it becomes a problem because you will need to covert whatever asset to fiat and the banks too will be chaos.

i think this is only because of the transitional situation, which needs adaptation to make it normal again. but in case of war i do not think it's a gold investment, but food is gold to get on with life

I have not heard any warning about the financial crisis of 2008 as the year of the global economic crisis that characterized the economy as a sinusoidal urban form at growth and vice versa.

Indeed, another financial crisis is inevitable. And most likely it will be more devastating that in 2008. The 2008 situation wasn't really fixed. Bailouts only froze it for a while so real consequences of it are on the way.

In 2 to 3 years time another crisis will come and at that time the crypto currency will flourish again with new all time high prices.

The system has failed and broken. Soon collapse will happen. as you said, In the end, only an asset that has a real value will survive, like gold, silver, Bitcoin, and etc. The more people realize how awful the system is, and able to thinking clearly about it. The soon the collapse will happen.

I do understand it. But I believe that this crisis wont affect bitcoin as well as the cryptocurrency. From my perspective, people will convert their fiat into cryptocurrency in order to save their money. This might increase the price of bitcoin and other cryptos.
However, the chance for the financial crisis happening is not quite high. Our world is becoming better everyday so the government knows how to stop this event from happening

Well, I am not good in terms of the economic system  but I can see that a financial crisis would definitely come in the future, and that government will need the help of crypto world until such time that it will finally adapt my most people and by most country in the world.

There are always people who sing the same chorus of eternal doom and gloom like the guys behind ZeroHedge, though the latter are likely just riding the wave and capitalizing on people like you. People have been playing the same tune for ages. The US dollar has been announced dead dozens of times every other year. So, could you name a date or at least a year when our investments in gold, silver, etc are going to really pay back handsomely? Without being specific, it is all empty, irrelevant talk like "such is life, then we die".

The nature of every crisis is cyclic and we should expect a new crisis in coming years, but don't you think that exactly crypto currencies may become a reason for new global financial crisis?

Yes i agree the coming financial crisis will play right into the hands of bitcoin.
If we revert bact to the fundamentals of bitcoin and why we should not put our trust in banks a financial crisis will prove once again these points and why Satoshi invented bitcoin.

There was news today that the first sign has shown that the Japanese economy has slowed, Japan has thr 3rd largest economy
http://www.the-japan-news.com/news/article/0004498475

Merited for good observance of what is happening with the world.  ;D
Love the last part.
Mutual funds, insurances and retirement funds. All of this had a larger risk even before.
We do not see it on news. That had been a question for me for a long time.
I have seen a lot of old people and their stories about how they went down just because of this.

First they say bitcoin is not real because it doesnt have a physical attribute. Why not go with gold then? They say it is too expensive?
So where will you go? Investment scams? HYIP? Pyramids?
All of those got no physical appearances also. It is just the owner who will profit from all the work of inviting more people.

Stop it. Go for the real one. Bitcoin is. Just look at how much it rise after a year. Then you can go withdraw if you want.

PS: Please. Not the banks.  ;D

banksters threat the people basically like their money earning cattle,

the next financial crisis will be about a bunch of retards, that created their own money and are looking now for stupid money earning cattle to enrich themselves privately,

the economy now will be systematically be focused on those that are being trusted, with many simply abusing trust.

This is detailed and intelligent analysis of cyclical nature of the world economy. I'm lucky to be among the frontiers in cryptocurrency and would not need to bother about another global recession. The annoying thing is some of the rich knows and are silently preparing for it. This year 2018 makes it a decade since the last recession, another might be on the horizon. Only the observant would know and be prepared.

Financial crisis is coming because of low volatility of bitcoin. All coins also is going down so we don't have salary to take forever r our needs it's really difficult now to have a hope on our token. We have nothing to do now but to wait for the price increase to our pay as bounty hunters.

Lol. That's what the OP is trying to say to us, and give us warning because one day it will eventually come. So are you ready when it suddenly appear and plunge the world economy?

That's why Bitcoin is really a good thing to hold during that crisis, hedge against the worst situation that will come in our way. And remember, 10 years ago, this is the same thing that Satoshi witnessed that's why he invented bitcoin. So it only makes sense to use them in case of another global crisis.

A financial crisis, whether in the form of hyperinflation (or hyper-depreciation) of the fiat currency, or otherwise, is going to come eventually. Just because we're in a period of supposed stability, doesn't mean that all financial crises is averted altogether. But who knows when it'll happen. Could be months, or it could be decades.

You just need to be prepared financially, in my opinion.

And to me, I think bitcoin's the perfect hedge for this coming storm. Gold/silver are good hedges as history shows, but bitcoin is simply a more convenient and divisible version of those assets. If you're not investing in bitcoin, at least use it as a hedge for your other assets for an event of financial crisis.

This. They don't talk much about the current weakness of insurances, retirement and hedge funds.

Sooner or later the crisis will happen. It has already been told by our religion when our religiously spoken leader comes up, then it will happen and this is nothing that can change. And the  blood fell in the crisis era can not be denied for the sake of the personal economy. I'm not sure bitcoin will survive in that era so I keep exploiting the existence of bitcoin at this time. The only investment that I will do sometime in the future, is gold investment.

The reason for this is simple, they pump and pump.. until it cannot be pumped anymore and the small "circle of friends", will then exit before the collapse. <because they have the inside information, before it collapse> The other uninformed investors will then be the bag holders and the distance between the informed and the uninformed will just become bigger.

They want the collapse or correction, because that gives them the unfair advantage of having wealth <because they exited before the collapse> to invest and trade in the new upward growth in the economy. 

You can read that stuff at ZeroHedge nonstop 24/7. They have been crying wolf for a decade or so. Or how long have they really been online? Now and then, some random guy springs up here telling some part of their daily repertoire, and a lot of people are kind of surprised and praising them for "good observation of what is happening with the world". Dude, if you like that sort of things ("doom and gloom"), you should definitely visit ZeroHedge, they will fill you up and over.

Though I'm not sure if they like crypto very much.

I think you are talking about a different crisis than the crisis OP is referring to. It has not much (closer to nothing) to do with religion.

Bitcoin is digital Gold, and it will keep gaining adoption as being that. Completely disregarding my bias towards Bitcoin; it offers the easiest and fastest way to hedge a looming crisis and all of its other shitty side effects. It's impossible to ignore that.

I am doing quite some USD based business and from my position it is very important to have a strong Euro. In 2016/2017 there was a harsh period where the value of the EUR dropped significantly against the USD, which would have harmed my income at that time if I wasn't invested in Bitcoin. Instead of overpaying in Euro's, I managed to have everything settled in Bitcoin. Can you do that with actual Gold?  ;)

The crisis may begin at any time, the collapse of the Greek economy or the collapsed US pension system may give it a push.

And what makes you think that you can't make final settlements with real gold? Well, you personally may not be able to do that because you are too small a fish. But isn't this what big fish, that is countries like China, Russia, and others like them are doing anyway? We are told by the speaking heads that they are buying gold now and then, but how much do we really know about their gold purchases and what they are made for? Maybe, these countries are in fact just settling accounts between themselves in actual gold?

may this crisis be resolved and find a solution, even in a desperate state, there must be a way out to overcome it, and likewise with this, whether it be chaotic or slow will surely be overcome by finding a solution, keep the spirit

It will make it get vanish as it come and go but we actually now have learn a lot that how to deal with it, we are earning good amount of money with bitcoin it takes time but it become prefect, I think now a day bitcoin has helped people to overcome 90% of poverty and it has reduced the unemployment by giving us jobs and earning resources so financial crises are almost done.

The financial crisis are a result of the politics applied by governments, central banks, and other institutions. Printing free money is not going to help an economy, it helps only the central banks. The banking system is based on trust but less and fewer people are trusting the banks. The problem is you can't live without a bank account. The bankers changed from doing a banking job to, doing a money collector job.

It is only a kind of rumors that maybe can reduces the market of crypto currencies. Hopefully it will not happen even though BTC,ETH and other altcoins are still in low value.

It seems a far more likely explanation is that people expect value to be able to hold perfectly forever and it doesn't. Money is a representation of the goods/services created and people take excess value and "save" it. The problem is that you cannot effectively save value because value erodes over time as a natural consequence of consumption and age. If you grow a bushel of apples and sell it for $50, and spend $40 and save $10 for the future, you're counting on $10 of value to be there in the future. The problem is that all the product that created that value is gone within a couple months at most. The apples are either consumed or spoiled. Now there's $10 of excess value in the world that has no corresponding real world equivalent. The loss of fiat value over time is a natural consequence of the fact that value cannot be stored indefinitely in this universe.

You see this same type of loss of value when debt is created and counted as both an asset in the future and consumed in the present. If you borrow money to start a business and your business is profitable, the value you created in the business is used to pay back the loan and the lender is richer and the economy is richer for having created new value. If the debtor defaults, the "value" of the future asset disappears for the lender and money disappears from the system as a logical consequence of the failure. In this same way, financial crises are like pressure valves that zap value out of existence when the amount of expected value gets grossly out of line with the amount of consumable value in the present. You cannot store more value than what can be consumed immediately in the present. It's a physical impossibility. Gold doesn't solve this and Bitcoin doesn't solve this. All they do is behave slightly differently because there's a mass consensus that they should, which is nothing more than a shared delusion. But as both gold and the dollar are nothing more than a confidence game, it works.

I probably should have stated that it were internet transactions and not actual face-to-face transactions.

It happens everywhere. I have seen how properties locally have sold for Gold, but that was more to avoid tax hits since it pays off to have it settled in Gold instead of fiat. Governments dealing with each other in Gold bulk is pretty normal since there isn't anything else that enjoys more overall trust than this precious metal, especially when the level of trust between transacting governments is ultra low. I do however believe that at some point Bitcoin might start playing an important role here. It makes things much and much easier.

Things come and go as like after every night their is a day so somethings are just not in your hand. So only thing what you can do in such situation is taking some precaution so that atleast you are better even in the worst situation rather than crying about it.

No one knows when it will come,  but it definitely comes, especially when the time where no resources could get anymore around the globe. But it might happen hundreds of years from now.  When the time comes,  it would be a huge sign of end of the world.

What do you think, how financial crisis will affect cryptocurrencies market when it come? Is financial crisis good or bad for cryptocurrencies?

I think the economic crisis will affect the bad side. Because people investing abstain due to the crisis is quite a normal situation. In the crisis period, there will be no hot introduction in the big sense to the markets.

For some reason it seems to me that bitcoin can replace the us dollar as a whole. The crisis in 2008 happened because the American system is not perfect and it has the shape of a bubble. In 2008, it almost burst, saved the system that printed money Fiat yet. Bitcoin has a limit of 21 million, which is an important difference from all Fiat money. Its price may rise, but the quantity will be the same.

I like how your post ended up by convincing us to invest our money on assets and you are right to do so. If you are right that another recession is coming then the best way to battle it is with assets outside of our fiat currency and that is including stocks. And if you really want to take advantage of the situation be like Warren Buffet where he bought most of his assets during the recession. Buying assets when the prices are down are like buying things at a discount, although the main problem here is do you have enough money for your daily expenses and for you your investments? That is why you always need to have Fiat currency savings as you never know when you will need it.

A lot of issues now coming about Bitcoin, the issue on Banned,Scammer, and the principality of Bitcoin in the market. A decentralized system in the Digital transaction is no relation on the possible financial crisis, One economy can suffered crisis due to other reason, like inflation, over supply of FIAT money, problem on the supply and demands of the prime commodities such Oil products, utilities, foods, industrial materials, devaluation of FIAT money, like USD,YUAN,YEN...etc,etc, which may result to drops in the market trading or stocks trading.

I think 21th century is very different than 20th century, economy is anymore much more important for governments as a weapon. I don't think there will be a financial crisis for bitcoin adoption.

The financial crisis is about to happen, the government has anticipated all the possibilities that could cause the financial crisis to happen again. So far, the government has strengthened a number of factors.

once the 10 years cycle is completed we can see financial crises on rising due to banking system failure and lack of jobs we may see new financial crises hereafter if we hit for financial crises this time the market downtrend will be huge

A lot of people in the establishment believe that cryptocurrencies will be the cause of the next crisis. Common Joes rushed in when the price of Bitcoin was increasing, dreaming of doubling their money in a few days. Now, their portfolios are deeply in the red and if they have borrowed money to buy cryptocurrencies, it is no different from the housing crisis.

This is detailed and intelligent analysis of cyclical nature of the world economy. I'm lucky to be among the frontiers in cryptocurrency and would not need to bother about another global recession. The annoying thing is some of the rich knows and are silently preparing for it. This year 2018 makes it a decade since the last recession, another might be on the horizon. Only the observant would know and be prepared.

The tool isn't the problem, but people are as always. The average joes are horrible when it comes to being productive and have that work for them in the way that it helps them increase their wealth gradually.

Crypto is for them a way to compensate for how they never managed to reach a state in their life that would allow them to become successful and wealthy. It's like a poor man's way of trying to become wealthy.

It perfectly explains why the average joes are going nuts on crypto, and then mainly the lower tier coins. These coins pump or dump hard, which is why they go for it. 5% of them hit the jackpot, and 95% loses everything.

Yes, it seems so. Soros said this as well. Biggest governments know that something big and really complicated in economics is coming...

It seems that the cycle of economic and financial crisis once every 10 years is worth worrying about and can have a big effect on bitcoin. But let's hope that when it happens bitcoin already prepare themselves in the face.

It's almost too good to be a coincident that as soon as the world started using fiat based currency, or currency that was able to be issued on fractional reserves, financial crises around the world started happening at a much faster pace.


Exactly.

This is why I'm personally invested in bitcoin a lot. I believe that it is able to provide everybody with a hedge against any financial crisis events that results in the bubble of the fiat system bursting. It may seem too distant right now to prepare for, but who expected Zimbabwe, Venezuela, Argentina, Greece etc. to have such huge financial crises, until it actually happened or it was very close to happening?

I may think that we should never put all our assets into crypto alone, though I'm not on the negative side nor getting hated with crypto but it could be the reason to survive and never loss to much. Crypto isn't stabilize yet, and still more years to come to make it fully accepted by the people and consider to be another form of currency accepted by all establishments.

The large amount of dollars circulating in the world has already begun to flow from countries with poor economic conditions, leading to the collapse of many countries!
The United States is trying to escape the economic crisis through trade war!

That's simply not true. Before WWI there was a never ending succession of economic crises in industrial countries like US, Germany, England, etc which were all on gold standard then. It can be said that the war itself was an inevitable outcome of this economic dead end. What we consider as economic crisis today has little in common with what happened in that day and age, with thousands of people literally starving to death in the streets.


If the shit hits the fan in earnest throughout the world, cryptocurrencies will be worth next to nothing. People simply don't know what real crisis and economic meltdown means in practice as they never saw the one (in developed countries, at least).

экoнoмикa в нaшeй cтpaнe пoкa нe cтaбильнaя, нaдeюcь вce нopмaлизиpyeтcя.

today the economy becomes second only to technology or weapons, nowadays western countries compete to increase their weapons sophistication.

As discussed on the posted topic, we've seen the history in the market trading, where the time line in the past,Financial crisis had happened, the entry of Bitcoin or the crypto currency in the trading market transaction changed the out look of the Trading Market.  Yes, everyone is saying that, a possible financial trading will happened soon or later. But, i am just wondering what  will happened on the crypto currency or on Bitcoin? One thing i know, crypto is Decentralized digital system of transaction, and only a fraction of Bitcoin users affect or contribute to the supply and demand on the economy.

I think if fiat currencies will fall in value due to the upcoming crisis you predict, then high prices for crypto will be unavoidable, but that's not what we expect from crypto in general. What we expect is that the price of the most established coins in USD will rise while the purchasing power of USD will remain the same. Only this process we can call rising in the real sense of the word. Otherwise it will be just monetary depreciation of fiat currencies.

What would it be if usd rate decrease and started to have no value how bitcoin and other crypto will stand itself? I have an idea that it will remain based in crypto dollar rate in online but having without a fiat.
How will other crypto will rise by purchasing power of usd if it is not available in fiat?

Its possible that there will be financial crisis but I know we can overcome those challenges and can still hold and stand.We just need to prepare everything to overcome all struggles.

As I wrote before, the financial inflation created by the state-bank elites are the major factor driving 'the amount of expected value gets grossly out of line with the amount of consumable value in the present' as you put it.

Sure, storing value for future consumption is always going to be subject to uncertainty, as you point out, but the artificial elite-driven asset inflation is the major part of our experienced uncertainty.

The existence of gold and Bitcoin, and the public's belief in them,to the extent they do believe in them, is a barrier to this asset inflation.  To this end, these assets are a social good.  No, they don't solve the problem of how to store value totally securely for the future, but they solve the largest part of the problem we have.

I do not really understand where the previous crisis went. With the collapse of the mortgage market, the American financial elite has not figured it out. A huge number of loans and left nothing obecpecheno. it is time to recognize that such crisis phenomena are not accidental but systemic. The problem is in the very form of the economic structure in which everything is built around one national currency with unlimited emissions.

The gold standard period was not free of crises (as the OP states,) but the 'fiat money period' since 1971 has been the most financially unstable period in the modern age, with the possible exception of the period before and during the Great Depression.

The gold standard was not essentially different from the 'fiat money' system we have today, if you think about it.  But the rate of elite-driven financial inflation did seem to be slower in those days.


IMO the reason why the effects of financial crisis were worse in those days was that the elites could get away with it.  In 1931 the Fed just did nothing and watched banks fail across the world (including the US) and the economy dive into the worst part of the Great Depression.  Ben Bernanke 'apologized for the mistake,' but the objective fact was that the massive deflation reduced the degree to which the dollar had to be devalued against gold, and helped support the system in more ways than one.

The only difference today is, democracy is stronger, and the elites can't go that far any more.  The election of nationalist populists across Europe and America just now shows that people will not take pain lying down, whether or not they understand what is really the problem.


When the shit hits the fan, most likely cryptos will be worth a lot more.  The reason is that, one way or another, the elites will have to devalue state money against non-state money to inflate away the debt, plus keep life more or less comfortable, plus keep their state money stable, at the same time.

Really thinking here

this is a solid and complete information that I have read and become a topic of conversation, I admit many good journey of history is also a record of world economic journey that we can develop and we can analysis as data support an economic success, and world of crypto including bitcoin in it become wrong one of the world's economic appeal from the technological era, I strongly agree that cryto or bitcoin will become one of the tools of transactions and even future forms of investment that are legally valid by the recognition of the world, and support one of the economic forces individually, may be useful and success for all of us

I agree with that as well, there was already prediction that it will happen in the future wherein each country will ask for the help of cryptocurrency for them to go up with the crisis that they are encountering and I can see very clear that it could really possibly happen in the next coming decades.

Thanks for that and I might visit that if I have the time. Maybe I am a pessimist but that is according to my own observance only.
I dont really care about how the others will think after I shouted what I want.


Small or a large group it might make a change.
I remember drinking with colleagues and they have news that I am on crypto currency. I mean they know I am making some money out of it.
Suddenly they start asking about this and that and some more.
They didn't say they want "in" but the fact that I have just implanted a seed to their brains for them to think about is a big deal for me.

With this, it could be a huge change.
Trading Market. I just heard about that since I joined supporting bitcoin. But before I dont even have an idea.
See that? It is change and crypto currency will do more like that to different people.

Yes, I understood what you meant to say. It is the word "final" that makes all the difference here. You know it's a difference that makes the difference. The point is that you don't have to settle accounts with everyone you transact with, I mean in physical gold. We can easily make cashless, or goldless transactions without having to actually move gold anywhere until we go for a final settlement. For example, I owe you an ounce of gold, you owe to Alice, and Alice owes to me, so no one owes anything to anyone and no gold is hurt in the process. The main issue is that, though, I should always have that ounce of gold in my vault until my debt is fully extinguished but it is another question.

Yes, the system is corrupt and there will be financial crises.

An important thing, though, is that the world is arranged in a top-down imperialist ladder.  Financial crises happen more often, the lower down the ladder you are.

One of the reasons is that, the crises lower down the ladder actually help keep the system stable for the countries at or near the top.  (Everyone will want dollars when an emerging market crashes, even though dollars themselves have been over-printed!)

Another reason is that it's easy for the top countries to put pressure on lower countries by *lighting the fire* of a financial crisis.  This helps top countries enjoy the obedience of lower countries in all policies.  The Fed could stop the suffering in Venezuela tomorrow by opening a swap line between bolivars and dollars, but it won't, because, in fact, Venezuela has been disobedient and must be made an example.

Financial manipulation is only half the reason why 'fiat money' is alive.  The other half is the imperial system.

Hopefully the global economic crisis in the world does not have a bad impact on bitcoin.Walau will certainly affect the big or little later influence. We just need to prepare a new strategy to deal with the global crisis that will happen.

I do not really understand where the previous crisis dissolved, if a new one is about to start soon? In fact, one can not consider each market collapse separately. Those crises that we see now are all the same consequences of the mortgage market crisis in the US. It is high time to recognize that the crisis is of a profound systemic nature and one can not find a way out of it without radical changes in the world economic system. My prediction is that it is crypto that can become this tool.

Fine for us is to be ready for it, no matter, when it will come. If you would think about it before it will happen and prepare yourself for it, you will survive!

I don't understand why you think the crisis was a mortgage crisis. Real estate is an expensive asset so it fell demand first. People always start saving on the most expensive costs. This crisis of overproduction. No one wants to buy new goods and this leads to stagnation of production and job cuts. In fact, the crisis is not over. It spreads in waves.

You cannot even call this a hypothetical question because the US dollar will not crash to zero like you anticipate but there will be changes in valuation but it will be adjusted accordingly, all of the exchanges allow crypto to be traded in different trading pairs and the value will not go down even if it is evaluated in terms of dollars.
I my view these financial crisis are cyclic and now the major difference is that it is happening frequently now.

That was an interesting read, I just wish I was more familiar and understood at a deeper level how economies work. Like you mentioned that in 1890 England was bailed out by banks, and it just doesn't compute in my head, I guess because they were invaders of other countries. I'm just going to have to read books about the subject.

Maybe that's the truth, but when something takes place in such a manner automatically it loses the trust of people who were the sole strength for the growth of the community. As mentioned the fluctuations taking place frequently keeps the people in a dilemma whether this will be successful or not. When such a thought gets arisen, it needs some sort of growth to stay good in the market.

Correct, preparing for the the worse to come may help save you from the upcoming crisis ( if there is ). We should have plan for ourselves on how we can survive if there is crisis in the economy.

The best way to be prepared for a global economic crash is to have all of your basic needs taken care of, meaning that you either have cash to buy food (but more than likely needing something else since the value of a currency can drop dramatically) or you have a stored supply, along with all of your other necessities such as utilities, mortgage/rent, whatever else, able to be paid over a long duration. It's even better to not have any asset expenses and to have a bunch of cash on hand, since you can buy everything cheap when it goes down the toilet. But that has its own risks, and making sure you have a roof over your head and food on your table, consistently, must be your priorities.

,in short you must be prepare for survival when the time comes, aside from that nobody could tell when it will strike or it will happen, and although you are prepared as much as you have, there will still be some consequences but that is fine because from time to time it will not be that big enough to be your major problem when it happens.

the financial crisis will always be from year to year, depending on how we deal with it, there is some in this world that even to get water alone is difficult, while the other part is very abundant. who can be blamed?
of course no one wants to blame, the powerful person of course has the power to save himself, every country in crisis will of course fall apart, so people race to buy assets like gold, silver, and the last crypto that can prevent that happening when the crisis occurred.

Well in my opinion financial crisis will not come depends on how people manage their financial budget. It people know and knowledgeable about the technique of managing it properly crisis in the future wont happen.

Yeah the financial crisis could happen, even the crisis ever hit a big country like US so that their currency is depreciated up to a few percent. the financial crisis could happen in your country and you should be prepared for it. will probably make your currency dinger inflation. then make a preparation for it, possibly you can make back up funds in such as in gold, real estate, etc that are not affected by the crisis and inflation..

When John Taylor began to recollect the years leading up to the financial crisis, his rage raged again. The economy will sometimes fall into a state of crisis and they will be restored to the storm of their development.

Definitely it will come,  but not near future,  it could be thousand of years and no one knows when the exact time.  It will only starts once all resources have been gone all over the world and war could be triggered resulting of Financial crisis. 

I have to disagree with that. If we take developed countries, that is the countries with more or less sane economic and financial policies as with fiat it is easy to shoot off not just your foot but your head as well, the crises since 1971 have been nothing in their scale and effect compared to crises which happened in the second half of the 19th century and first half of the 20th. The past crises ultimately led to a devastating world war (two wars actually, but the second one was a continuation of the first). It could be said with a lot of reservation that we are living in a kind of permanent crisis, I somewhat agree with that, but it is shallow anyway and doesn't have the catastrophic consequences of the earlier ones.

I will deal with the rest of your post a bit later.

Financial Crisis Will Come are the rules of the economy such as wanting a beautiful spring, we will spend the winter cold or want to have green plants have to go through the leaves to grow green

Indeed, the financial crisis is taking place in many countries. And the financial crisis e-money is also coming to us. We should take measures to overcome the financial crisis at this moment

You are indeed correct. Financial crises and other problem relating to economy are most of the time a result of some selfishness of those who are in the position or those who habe great power in manipulating the place or society. It is indeed in cryptocurrency the freedom from all of them.

E-Money financial crisis you mean online business then i think it is true because they are showing that they are running profit but inside they are in deep crisis and only surviving on the manufactures default list. If you properly see then only some big names are surviving and other are dying and this big names (Whales) are starting to buy back them. But very soon just like 2008 banking financial crisis came same way another financial crisis is awaited.

Well for me financial crisis will not come  that is depends on how people manage their financial budget. it is about people making their choices under conditions of scarsity and uncertainty in our daily lives. if people will know and knowledgeable about the technique of  financial managing it properly financial crisis will never happen.

Such financial crises always have been a part of history. It really doesn’t matter whether the country is developed one or developing, financial crises always hit every country and every society.

It has to come at any time so better is to prepare yourself for the best thing to handle. You must be ready to tackle every disturbing situations and for that you need to be educated about this world.

New government departments will be set up that will regulate crypto-currencies and prepare new bills. As a consequence, this will lead to a new wave of popularity bitcoin and altcoins with a clearly stated benefit

This is not a financial crisis. Any modern fiat currencies, even the ones of most developed countries, depreciate a few percentages annually. Does it mean that we are living in a state of a never-ending financial crisis? If so, doesn't it mean we can no longer call it a crisis? To me, crisis means going from good to bad or from bad to worse, abruptly and strongly, definitely not something which is here to stay for years to come.


I don't think so. The Fed didn't actually do nothing. Let's not forget that it was the time that the Federal Reserve Notes came about, which are now known as the American dollar. The true dollar which was fully redeemable with gold ceased to exist soon thereafter. Let's not forget either the confiscation of both metal gold and gold certificates in 1934. In this manner, you can't say that the Fed did nothing. They may in fact have been too late to react but this is certainly not because of "the elites could get away with it". They just lacked required knowledge and understanding of the situation.


Do you really believe in this yourself? It is kind of accepted truth that the level of democracy in the US has been declining steeply over the last few decades (since Reugan times).


So far it is cryptos which are going down, even without any serious financial crisis knocking on the door.

There will be no crisis when we are ready and prepared for the future. Everyone will survive when they know how much to save for them to support all the needs in the near future. Price of own local currency has lessen value when exchange in dollars. From today, make money change in fiat that will increase much because of their good economy.

Things are quite unpredictable as no one is sure about what will happen in the future and that things have become more interesting because of the crypto currencies as now people have one more choice. To save yourself from any kind of financial crisis, the best thing which can help you is to go for saving some money by investing the money at the right place and that you need to prepare yourself for the worst.

Remember, we're mainly talking about the top of the world system here.  This means the UK pre-WWI, and the US after that.

The UK was free of major crises from 1866 to WWI, with the exception of 1890, and even then the real pain was tolerable.  The US had no central bank before WWI, and so was not at the top of the world system, and so crises were more severe.

The outbreak of WWI has no agreed-upon causes.  What agreement there is, is certainly not financial crises.  But my theory is that Britain wanted to fight WWI because its gold-standard bubble was too fragile by this point and had to be transferred to the US and not to Germany.  In this sense, there is a connection.

Financial Crisis will come whether we like it or not and I predict it will be very soon. For me, it is the time for opportunities to buy and hold assets.

Quite difficult to say that in coming 2019 we may have the financial crisis unless their is some biggest scam starts to take place or get exposed that it may the case else things infact should be positive and across world we might see new trades and economic growth happening in the world.

Thanks, nice stuff to read, I truly believe crypto assets could become a part of hedging strategies, because they are indifferent to politics

Theoretically the finacial crisis could come in three month if Italy decides to break away. I expect it rather next year or the one after tho. It will be a ground breaking event politically.

By 'doing nothing,' I meant the Fed didn't bail out or take over the banks, which is a standard part of the post-crisis medicine in the West today.  Also it was clear for a long time that reducing interest rates was not going to save the economy, and yet the elites basically did nothing and watched the economy sink into the true Great Depression.  It was only in 1934 or 1935 that the dollar was devalued against gold, and the damage had been done.

I'm not sure how the actions you mention amounted to relieving pain (which is the topic under discussion here.)  Can you explain?  If anything, they gave the elites power to impose more pain to help save their system.  (E.g. confiscating gold from Americans probably reduced the degree to which the dollar had to be devalued against gold.)

I'm talking about major, fundamental changes of the political system over the long term.  Even in Britain and the US before the early 20th century, people without property and/or women were not allowed to vote.  There were no strong trade unions to protest against the imposition of pain via tight money.  The elites were thus able to tighten money after a crisis, imposing pain on the average person while protecting their system (all in the name of supporting the gold standard as a moral imperative!)


Ha ha, I guess we'll have to see!

There was 172 financial crosses from 1992 .Bigger or smaller.Now we have serious trade war
It looks like always there is some  financial crisis.Now there is huge financial crisis in Argentina peso is  devaluating  rapidly.There is very huge economic crisis in Italy.Italian are leaving his country to find better life
It always depends how big and real will be next financial crisis.But current trade war may cause a lot of problems
for worldwide economy

The financial crisis will come - it's a fact, a question only in time, when this happens. And what will be the spark, the starting point. Today's money (paper) is essentially debts, which in turn generate new debts. Financial instruments and deriatives can and solve the current needs of governments and financiers, but at the same time exacerbate the situation as a whole. Valuable metals are a value, proven by time. A bitcoin - while you can only guess how the price will behave in troubled times.

In every era, every year, every month, financial crises come in some variant forms. People become victim of this illness for long team and short time as well. Many, who didn’t have planned at right time with right measure, they always undergo this harmful time period and then lose much of their assets. But those who catered for it prier, they are mostly in safe zone and make good results.

As long central banks keep printing money as they like, inflation and crisis always following. Central banks always want economy growth but inflation always increasing and they always make excuse that its needed without transparancy using new money they print

It's actually happening already. Some of you might have not feel that yet but those people in the lower level can really feel the hardship of the financial crisis. And especially in 3rd world countries. But I think this is the best time for us to arise and stand out. This cryptocurrency is a way to help other people in crisis. The government will get an idea that this is not scam and is helpful.

It may not be felt yet by those living in developed countries but for those who are living in developing countries, the financial crisis is already happening due to rising prices of basic commodities but just the same amount of income which results to a shortage that's why one should not only have a single source of income especially if one is working for a company because anytime it can go bankrupt especially in times like this when there is a financial crisis. This may be the time when cryptocurrency would be more attractive to invest in since they can already see the effects of inflation and cryptocurrency is deflationary.

Multiple source of income is ideal and it shouldn't be just about investing in traditional markets because when I observed what is happening now like in stocks, their portfolio is bleeding so an investment in business or real estate wherein one has a fixed source of income is good hedge in times of financial crisis. Perhaps, an investment in cryptocurrencies is an ideal hedge as well.

Government might be responsible for influencing media. If they report this accurately, it can cause huge panic and the financial crisis can happen sooner.

It is absolutely true that no one will know for sure.  The nature of state-sponsored bubbles is that the elites will do everything in their (considerable) power to prop up the bubbles, until the effort is no longer worth the reward to them (ie perhaps until it would destroy the semi-free-market and semi-democratic nature of the system on which their power is ultimately based.)  So there is no way for outsiders to tell exactly when the bubble will collapse.  The average person simply doesn't know enough details about events.

That said, 'thousand years' is perhaps too long, based on the time sequence of crises in the past, in the top countries of the system, that I listed in the OP.  Again, we have to take note of the *incentives* that are inherent in this system, where the elites are encouraged to destabilize their own system, as long as crisis doesn't happen under their individual watch.

Yes, and that will be in favor of bitcoin

Great point, thanks.  But you know what mainstream (also known as house-pet) economists will say to that?  They will say, without central banks injecting money into the economy, there would be no growth.  Without central banks printing money to bail out the system, the crises would kill the economy completely.

The truth is that natural market incentives would push the right amount of investments, at the right time, into the right projects, to grow the economy.  Who doesn't want to invest in a new venture with real hope for profit?  As for the crises that are severe, their existence is invariably the result of state-bank elites inflating the monetary or financial market, using state power, in the first place.

Ultimately, the question is not hard or soft money, and not whether we should have inflation or deflation, at any given time.  The question is who should have the power to decide.  Is it the free market?  Or the elites?  The system we have puts the power in the hands of the elites, for the purpose of benefiting them at the expense of everyone else, while claiming that we must give them the power and trust them that they have our best interest at heart.

I don't know that anyone would say that because it doesn't at all seem to be true. Economic growth comes from a production base that produces more goods/services than previously existed, and more consumption of those goods/services, not from more money in the system. If you print a trillion extra dollars and release it into the economy, the only thing you've done is created inflation, you haven't grown the economy at all. The only way inflation doesn't occur is when the rate of monetary expansion matches the rate of natural economic expansion. Because that is practically impossible to achieve, the Fed's stated goal is inflation of 2%, which offers a predictable range to strive for. By phrasing the argument as you have, you've constructed a strawman for the purpose of creating a rebuttal, but neither the premise or the rebuttal tracks very closely with what actually happens.

"I don't know that anyone would say that":

It's always a bit of a hazard to argue what your opponent's actual view point is, of course.  That said, my 'strawman' was based on the standard establishment-economist argument that hard money is deflationary by nature, since people will hoard money and destroy spending and investment, if prices don't go up.  This is a standard economic argument against such assets as gold and Bitcoin.  The implication, of course, is that there would be no growth without central bank printed money, since growth is ultimately what we want.

I of course agree with your discussion on printing money vs. growing the economy.  The problem, again, is that you forget to ask 'who decides what is the best way to grow the production base, the markets or the elites?'  Now, this is not to say the elite-controlled 'market economy' we have never produces growth, but I submit that this growth is unnaturally fast and ultimately counter-productive as it pollutes many other areas of life, even if it's successfully pulled off.

As the recurring crises (even at the top countries of the system) show, 'pulled off' can also have highly relative meanings, depending on what time period you use!

The first thing that could be wise, the future type, a great. Cause bitcoin is not a bubble cause we are so they will ready to be true. The real question, a great. I think we can do it will be risen by more than a new cryptocurrency that you are respectable in this way, the right to become rich internet

financial crisis will happen in the future adn we can't doubt about that, at least all of that every goverment or people itself need to prevent the crisis by themself it called survive in the modern day

IMO, gold is the most stable investment tool compare bitcoin.

Yes ,bitcoin will give you more profit but it can also give you more losses than gold. But if you keep insist to use bitcoin as main investment, just make sure that you've prepare the worst !

That is right. Bitcoin is one of the most volatile crypto currency investment you can have and that also means the risk is high but with high reward. I do hope that people who are saying that Bitcoin is just a bubble since they've lost their investment because of it, there are times for the pump and it don't happen every time someone invested on it. We just need to be patient.

Be wise enough on every movement of your bitcoun investment , the charactwristics of bitcoin of being volatile should be considered so that your investment , will not be in the loosing side, try to be more patient and always wait for the right time, in every business especially money, yhere will be a time that your business will meet some financial crises due to some factors , but always have a proper discipline and patience to overcome this crises, take your time.

This is true in a fundamental sense, but often untrue in a technical sense, if the system is manipulated by the elites (as it always is.)

When a lot of money is created out of thin air, many behaviors change.  People tend to consume now rather than later.  This tends to drive up the prices of commodities and other productive assets too, and so will generate an investment boom as well.  The entire set of supply and demand is distorted, generally to the benefit of the elites. (There will be more choices in luxuries, providing less stable employment for the average person.)  And this entire bubble can last for a while.  In a technical sense, 'growth' does happen.

But of course this is not the growth we want.  This is the growth we have, because the elites like it that way.


This is 'impossible to achieve' only because we have a rigged system.  This would be the natural, free market based, steady state, in general and over the long term, absent the rigging.  (Either that, or a harmless,  gentle, and expected deflation over the long term.)

It strikes me that you really should be intelligent enough to see what I'm trying to say.  That you don't even answer my main points raises questions as to why you're here at all.

Focus on bitcoin without doing extra work for revenue. It is very difficult to survive long because you are not a whale. Doing so is time consuming and costly. Keep focusing on it too much will take away the other opportunity to make money, and if it does not rise surely you will fail.

this is not something new, financial crisis will always be part of our economy and everything and everyone will be affected since it is considered inevitable.

absolutely right, the crisis will come this month, because all coin prices are dying, maybe until November we have to work in the real world, if only depends on the income from bitcoin we will not get money or income.

The risk of bitcoin is from fluctuations, that's what many people fear, but fluctuations are also used by investors and
traders to get a profit in a short time, but financial crisis might come to me, when bitcoin prices drop for a long time

yes of course, we must use wallet security so that our assets cannot be stolen by anyone. to be safe you can save with an offline wallet so it won't be hacked

i think dont think so about it.crisis will not come this month.in only fud that spread by whales in order to make retail investor panic and selling their bitcoin or cryptocurrency asset.

Whats your basis of telling that we are on financial crisis?because it seems like you dont feel that we're nearing on that status ..look at the crypto market and same as the real market from that you can evaluate what is the economic status now and on what position were sitting

I'm convinced that buybacks will be the reason behind the next crisis. They're pumping themselves full of air and it will eventually collapse when the massive overvaluation of companies cannot keep up with the sales or whatever they profit from. Just look at what happened with Facebook last week when they got hit with the cold reality that no one likes their shitty algo-driven newsfeed anymore and have started flocking elsewhere. One by one these giants are going to take mighty blows, and the fabricated value will come rushing out of the balloons they call their companies.

The reason why these elites destabilize their own systems is because they're so far away from the results of their actions they don't realize it until it's too late. The cushion is too big.

According to the theory of economics, financial crises have a nature to repeat in a certain period of time. The main thing is to recognize the beginning of this gap. I'm sure at such a time everything will not be easy. However, I think cryptocurrencies will survive the next international financial crisis much easier than simple cash.

Yes, financial crisis always comes, in circles, it's inevitable.
There is no such thing as continuous progress.
We always have up and down, like in life.
Smart people understand how to avoid crisis and to profit in any possible scenario.

Not all business are always on the go for profits and gain , business sometimes will suffer financial crisis , this is also true to economy in certain country which also suffer financial crises , it will always come.

A decade ago, the financial crisis gas been experienced by the people all over the world but with the help of ecomic experts, it has been thawed. Hopefully it will not return and we will not experience it again.

We are already experiencing the financial crisis now. It happened last 2008 and after 10 years it is here again. Bitcoin was created because f the financial crisis that happened and Satoshi wanted a currency that would not be affected by the crisis since it is not affected by inflation. This would be the time when the cryptocurrencies would be tested if it would be able to withstand with the crisis and if it would be useful in a financial crisis. It is pretty useful in a hyper-inflationary economy in Venezuela and we have yet to see it now if it would be useful to the rest of the world.

If you have multiple source of income i think you wont feel the financial crisis like other people which is very stable in life, but me i feel that crisis because i do not have enough source right now but still i dont give up finding to have enough money to avoid this crisis.

This month there will be no crisis. Who wanted to sell coins, they were sold for a long time. Now everyone is on vacation.

In business it is not all the time that your investment will be profitable, there will come a time that it will also suffer a financial crisis, this will affect an time in your business.

LOL what a word more devastating?how come you learn about that?are you a fortune teller,wheres the magic ball?i really hate those people here that only riding in a thread but in totality is no knowledge about the issue

Stop being like this dude because your not helping the community,just because ther crypto market is dropping meaning the economic fall pf 2008 will happen again?nope economy now are getting better if theres some country that still striving maybe only few from that 2008

A true legend of bitcoin. I will not hold much wealth in bitcoin compared to gold. Probably balancing them is much better. 50:50. But I guess you know what bitcoin has done for you that is why you prefer to hold your wealth in bitcoin. Currently, the price of bitcoin is dwindling, and I can imagine the amount you are losing now. Recently, my friend lost 93 bitcoins because his hard drive crushed.

Most predictions are quite reasonable but we should remind ourselves that history is not always moving cycling, so the things which were true for the previous generations are not unavoidable for us, sometimes we can avoid those.

Tremendous analysis, to this I will add that the system is designed to allow those at the very top to earn a lot of money and to never lose and since in the market someone has to lose then that means that the rest of the population plays with a different set of rules stacked against them, the problem of that design is that it makes it frail and prone to crashing while the system should be designed to be more resilient.

Well ,a lot of analysts continue to predict doom for the financial industry.The predictions are  many now and its hard for one to determine what to even do or which option to choose there is no good news at all.

this may be known to everyone in his country. Everything you say based on data is also likely to occur because each country has been lined into the system created by the authorities. Then what can we do to avoid that?

I agree.It's not possible  that history will always repeat itself.There are some things that will likely to occur with the present year that never had happened in the previous year.So if we face tough times with the previous years,i'm sure it has high chances that it will change today.Just keep on fighting for your faith.

history is not to be feared but as a learning to overcome problems in the future, I strongly agree with you that we will be able to overcome it now, and I am also sure the financial crisis will not occur

Financial crisis is something that will really happen no matter how hard we try to stop it but instead of seeing it as a problem,make it as an encouragement to do better the next time so we can gain a fruitful rewards too.

It will be quite interesting to see renowned economists eating back their own words when bitcoin becomes the currency to save the world from any economic crises. It's only advisable that you grab more BTC while you can.

In the world of business and other investments , your is to target the highest pfrofit as much ad you can that is why you are working so hard for it to achieved this goal but in the other side there will time that your business or investment can feel a financial crises this could come anytime so you will look into where does this problem came from and make solutions to it.

Yes and the question is; are you one of those people that will experience it? If you are just an average individual then it is automatically a yes. Rich people aren't really affected by this financial crisis at all. They might lose some money but they still live like a king. We, poor people are only the victims of this crisis.

I've read somewhere that an economic crash is needed or is even happening on a regular interval much like a cycle. Then again, im very new to the concepts of economics to even know anything technical about it. What i know is that when the economy crash, it will affect me and i hope that my holdings in crypto currency could keep me afloat better yet make me thrive on the situation. 

Me too. I wouldn't put it all in one basket because these things can happen. Bitcoin is also vulnerable to loss, technology can be unreliable at times, there can be failures, etc. It's also hard to wait for Bitcoin to reach spending levels again sometimes so it helps to have something else that can be sold if needed. I always look to see what made the most profit if I need to sell something, and I circulate things that have made a healthy profit. I'd also keep some fiat in stocks, bonds, or other things as well, just because it is still commonly used. Sure, it may not be something we like to use, but it's the way society functions... for now.

When we join bitcoin investment one thing in our mind is profits and gain ,but for this it will be realized because you invest for you want in return, but there will be time that your investment can feel financial crises in your investment but not to worry for you will overcome it in the next days.

I am happy that I don't need to support anything since a huge lump of my riches is stopped in Bitcoin as of now. I do hold a generally little measure of gold too, yet I am not wanting to include more in the coming years, except if the gold value tanks profound, however that is exceedingly impossible. At the end of the day, I'm great. As a rule people will just act when it's past the point of no return as of now, which influences me to feel frustrated about them, yet then again it's their obliviousness and unjustified trust in the normal economy influencing them to miss out. We have experienced such huge numbers of conservative challenges, that individuals ought to have had a reminder years prior as of now.

Every day we are approaching dramatic events, which history did not know yet. The collapse of financial markets will be so large that it will affect all countries. It will be the collapse of the world economy, the collapse of the financial system of debts.

It is going to happen but what we do not know is when that is going to happen, it could happen in the next years or in the next 100 years, governments and banks are so good at hiding the truth from the people that the people are unable to react to it and every time there is a crisis as big as the one you are suggesting instead of going back to something like gold the system gets even worse for the majority of the people

Dulu semasa saya berdagang terus di timpa krisis moneter atau gejolak ekonomi yg sangat hebat.. pertanyaan nya masih mungkin kah moneter itu terulang lagi.. ane rasa intu mustahil karena para pelaku ekonomi sudah sangat tepat untuk meng anti sipasi.

Doom's day financial apocalypse. The world will be in turmoil very soon if the government does not stop print more papers as money with nothing to back it  than the trust that is failing

It will be actually, we see them say all sorts of things as if they know it all and that every other person is ignorant

China may have an economic crisis. The trade war between China and the United States has seriously affected China's economic development!
In China, Internet finance has collapsed, many middle-class assets have been misappropriated, and China’s high housing prices have a big bubble! The Chinese government has issued legal tenders to cause inflation!

What you are telling is true, the lower order people are only getting affected because they are living on the current financial situation and if their is any crisis then they will be first effected. Rich people will get affected in paper like they have assets and investment and their value will only go up and down not in real.

indeed, the financial crisis will come, because market prices have dropped dramatically, so people are very difficult to get a profit in the trading market, all those who trade will experience an economic crisis.

Crisis and recovery then develop as the essence of the capitalist economy when it crises, it will grow stronger, and after a long period of development has achieved a high score, they will have the stage goes down

I have heard people saying financial crisis coming for the past two and three years, and it has not come yet. Not sure when exactly it will come, but I also think there may be one in the near future. But it is hard to predict such things though. Not sure whether the trade war between US and China will affect the global market.

If you look at the situation in the majority of African and many Asian countries, you will see that financial crisis has already come. As for the crypto world, I try not to listen to some fraud news.

African and asian countries? You must be kidding. Both african and asian countries are on the rise as the countries has theto growth of massive 6% GDP growth per year, while european countries, western countries are already reaching their peak.

We in the cryptoworld are the most fortunate set of people when it comes to financial freedom. I want everyone to make use of all available opportunity now so that in the time of financial crisis we will stand strong.

For me it is crystal clear and obvious that we are heading towards worldwide economy crash, but the main point is what are we going to do with the situation which will be present, and how we're going to solve the problems?

Yes exactly.As financial crisis will soon to rise in the future,it's much better that we should be well equipped today not just of knowledgeable information but the huge profits itself brought by cryptos.Lucky are those people who have been here for such a long time because for sure financial freedom are already what they are experiencing now.

     Bitcoin may be a game or a fun or becoming rich soon but this is not  the  truth we have to be serious there is financial crisis happening in the world .Countries that are among economic crisis have to impose  capital control on the people preventing the people to take cash from banks even for the people's basic needs, Bitcoin can be an alternative for this type of economic crisis .There is a good example that is Greece plunged into a great debts people are suggesting Bitcoin as a viable alternative in times of economic crisis.

What motivates you to buy bitcoin, my friend

I admit to you that gold and silver are the best choices during an economic downturn, but with bitcoin that is the wrong choice.

I think Bitcoin only evolved when the market was in its infancy, it collapsed simultaneously with the economic market

Yes, the market will never repeat its traces. Many people tell me to look at the bitcoin line it is very similar to the price line of gold. And as you can see, if the bitcoin price goes along with the price of gold, this year will be a bitcoin worth $ 100k. Unbelievable, things will not repeat like the past, I think so

Yes . Future financial crises will take place globally. I am as if seeing this instability will happen in 2019. And in 2019 people will pour money into this market and this market will grow strongly.

The financial crisis, according to me, is difficult to predict, but the economic difficulties are already accustomed, especially in Indonesia, we do not want that to happen.

Many companies are saying that the end of human resources are near. We are limited so yes we will face a financial crisis. I believe that's why we need to expand out of Earth but who knows when that will happen, if it does at all. It's pretty much inevitable. Unless we find some way to mitigate the problem.

The government is never going to stop printing their fiat currency because that is the way the system is designed, they print currency because they know they can steal from you that way without you noticing it, but eventually as they keep doing that people are going to begin to notice, this has always happened, it happened to the Greeks, the Romans and it is going to happen to the US.

The motivation is the profit, everyone who invest a huge amount of coins in the early years are now earning a huge amount of profit so invest early today to become rich in the future.

What we need to do is to have good and civilized investors. Minimize bad guys taking advantage of bad actions, no good. Strong teams and communities should be built together for the future of electronic money. This will limit the crisis.

Right.Surely financial crisis will come in the future so much better to be prepared for that as early as now.Start investing with a minimal amount and when you gain good profits,then go with a bigger investment.I know you will come up with a good returns in the future.

The world economy has suffered a lot of financial crises even during wars. You see the only reason we have that is that there are a lot of greedy people in the world.


As if all people could afford gold and silver my friend. We all know thats not how it works.

Profit is the motivation but what if your motivation is a disappointment when you have done investing on it? Even FOREX has its own share of losses. We all know that financial crises are doomed to come here and time again. We will never know but there are signs.

I think the economic crisis will affect the bad side. Because people investing abstain due to the crisis is quite a normal situation. In the crisis period, there will be no hot introduction in the big sense to the markets. The importance is our patients.

The money related emergency, the administration has foreseen every one of the potential outcomes that could make the monetary emergency happen once more.

Up until this point, the legislature has reinforced various components.

We can't be certain how the future really works for us, and as of now it's been so hard to say that financial crisis can be overcome. Even how were able to be prepared, those investments with huge amounts doesn't guaranteed to gain good returns by the time it will earn it's profit. Nobody can predict how the future will be, and all we need to do is you need to learn how to overcome emotional struggles in order to survive financial crisis.

The people that bought bitcoin at the beginning did not do it because they wanted to be rich most of them just wanted to support a project in which they believed in, I think it was not until some years passed in which people began buying bitcoin because they wanted to become rich, this is why the market of altcoins flourished since many people are realizing that is now harder with bitcoin but it is easier with altcoins.

Before the dotcom crisis, experts Tskali languages, pointing out that stock prices are completely out of touch with reality, but the optimists blew in the ears of the public, talking about the "new paradigm" in which clicks and likes are more important than coming to the accounts of obsolete dollars.As you remember, in the end it turned out that there was no new paradigm, and was quite a traditional pyramid, which collapsed, buried under the rubble of several trillion dollars of investment and about half of the Internet companies.Now about the "new paradigm" no one seriously says. It is clear that the reason for the inflated bubbles in the American economy — the impact of the printing press, which resulted in asset prices completely broke away from reality.

Speaking about the upcoming collapse, the Bank of America refers to indicators such as inflation, tightening of monetary policy of the US Federal reserve, the collapse of QE (quantitative easing program) and the surge of volatility in the financial markets. Bank analyst Michael Harnett points to the fact that too high wage growth rates, which will overtake inflation, will lead to a drop in corporate profits.

If it is serious problem, then both countries need soft conversation and solve the problems. Because both countries are very powerful by financially and both countries have very powerful respect in all over the world.

Most of the traders and investors have same thinking like you. But when these crises come then economy is really effected and in this time people feel stress because of loss of money, No one like crises and loss in business.

In parallel with the periods of rapid economic development, there will be periods of economic crisis which will lead to them being the laws of the  economy.

Definitely crises and wars are a profitable tool for acquiring new assets for a certain group of people. If we buy Bitcoins, we can stop them. Since the crisis will not concern us.

And not to mention the Yuan is collapsing underneath all of the tension. I've been short China almost since Trump was elected. Those two are going nowhere together.

Yes, of course they should have a reasonable conversation. They seem to think that antagonism is a better idea though and are choosing to make things worse by sending threats and comparing cocks. But we cannot argue that it was, once again, USA who started it. And it will be, once again, China who will be blamed.

Theoretically the finacial crisis could come in three month if Italy decides to break away. I expect it rather next year or the one after tho. It will be a ground breaking event politically

I've answered your points just fine, you just ignore them and your answer for everything when you've got no real answer is something about global conspiracy theories. That's not my weakness, it's yours.

The market does not create money in equal proportion to real economic growth. Or at least, if that's your assertion, you're going to explain how that's possible. As money is an artificial construct and doesn't exist naturally, all value assigned by man in a society is also an artificial construct. We collectively determine what is valuable, and exchange that item for other things that are valuable. Absent fiat, traditionally gold has filled that role for historical and scarcity purposes. But at no time was the production of new gold ever magically matched to real economic growth so that the value of gold remained constant. That's what you just said would be the natural state of things 'absent the rigging,' which doesn't make any sense at all. Perhaps there's a global conspiracy theory that could explain it...

Based on my own research, for me Bitcoin may be a game or a fun or becoming rich soon but this is not  the  truth we have to be serious there is financial crisis happening in the world .Countries that are among economic crisis have to impose  capital control on the people preventing the people to take cash from banks even for the people's basic needs, Bitcoin can be an alternative for this type of economic crisis. There is a good example that is Greece plunged into a great debts people are suggesting Bitcoin as a viable alternative in times of economic crisis. Any thought?

If you have a chance of getting Bitcoin on low price then where the financial crises are if you have this opportunity then wait after buying coins you will never face with any difficulty or risk as long as you do not sell it in low market. Participants are not larger in number and investors sell in low market that is affecting the price in downward direction, so do not abstain yourself and try to buy as much as you can.

Not possible personally I really hope that the trade war keeps at that level, at the past century there were three episodes of trade wars and two of them led to the two world wars that we know and one ended in an armistice of the trade war and it did not escalate to a world war, and the only reason that happened was because now we had nuclear weapons.

Crisis means opportunity.

You better have some cash in hand. There will be some many cheap shit to buy. Endless opportunities... Cheap stocks, real estates, everybody will want your cash. If you act smart and invest in the right stuff there will be a great wealth transfer from dumb to smart.

Sorry I have not been on the board for a while.

Please see The Real Reason to Hold Gold and Bitcoin (https://bitcointalk.org/index.php?topic=1858027.0).

Financial crisis will come to those who mismanage their wealth..Most of us are in survival mode.If you are not tough enough to try new things like bitcoin, then nothing will happen to us.

Honestly financial crisis will come always to people lives particularly to those people with lazy in attitude. But if we work hard and trustful to every activity to earn income then go and work for it. Like investing in bitcoin that really needs to take the risk before we can get the good benefits from it. Take the challenge always in order to surpass financial crisis in life.

I also think that financial crisis will come but We dont know exactly when it will happen. the US stock market is due to correction already and that bubble will burst soon. remember that crypto or bitcoin as a whole created by satoshi nakamoto after the Real estate bubble of 2008. and i think it was created for the benefits of the people when another bubble or crash come again. before that financial crisis come we need to secure our resources buy some gold and buy bitcoin and any other cryptocurrency because this will become your safehaven later on.

I have experienced an economic crisis for 2 months, everyone will also experience an economic crisis, because the price of bitcoin has decreased by 90%, I have not dared to invest, because the price of bitcoin has dropped.

I think financial crisis will come and it will be happened if people does know how to handle it. . there are many ways to find some things that can help us to how to survive in this world.  there are many works that can be helpful to survive in our daily lives..  But now I can say that financial crisis is real, because I encounter this and other also encounter this kind of problem. .

Oh please, i think the financial crisis is here. But I think crypto currency is our savior and would keep us afloat to weather this storm. I just hope that i still have enough in my holdings to support me and family through the financial crisis so I'll be buying all the coins i get my hands on now that the crypto currency market is down.

That I think is a very interesting pice and i think it would happen. I've also read somewhere that even if there's an economic crisis that crypto currency wouldn't be affected by it. I just it is so since i wouldn't be caught with my pants around my ankles if ever the market collapsed and so is crypto currency. So now I'll invest more on crytpo.

in this case, I believe that it makes sense to invest only in gold from what you offer. Bitcoin is still in an unstable state

I'd say buy gold, silver, bitcoin, and land! The value of land is always increasing as time goes by, thus we should also see the potential value or worth of lands in the future.

This was in fact a really good analysis. There are some signs which warns when one comes that most people can't see - In fact, some economists almost always warns but nobody listens. The story of humanity itself.

The reasons can be varied and maybe things are not what they look like or maybe they are. The truth is, it might seem suspicious to some. Some countries have more corrupts with power inside their borders than others, so it also depends. Of course, the people always watch carefully the most powerful country in the world, forgetting completely of other ones who have been in fact improving in power and capacity over the course of the last years.

Of course another one will come and even more than one, no system is perfect. And also we can wonder, if you had the control of it and earn a lot of millions easily by taking one simple decision, will you do it?. I know that a lot of people would fall in the face of the temptation.

Financial crisis means instability of economy in nature as it precedes by the external factors affecting the global and the local markets. Although in bitcoin digital currency are kess expected to set in financial crisis as it was stated that there lots of investors acquiring business in terms of their logical equation and rationale to formulate substantial business. It is a mediocre to all that unquilibrium market are natural.

...

Excellent thread.

Historically, financial crises do come +/- every 10 years or so, but their worst effects (which countries suffer the most, how damaging each is, etc.) vary quite a bit. 

Rogoff and Reinhardt "wrote the book" on financial crises over the past 800 years: This Time is Different.  Highly recommended.

In general each of us can stay safe by:

1)  diversifying the assets we hold (so CA$H on hand, land, gold, crypto, stocks & bonds are all good).

2)  many people do not handle debt well (my wife & I hate debt), so my general advice is to lower debt levels.

Fortune favors the bold.  Most wealthy individuals got where they are today by taking huge risks and not listening to the naysayers.  It can be scary starting a new field of technology and it requires a lot of patience to see it through till the end.  Wealthy people are barely affected by these financial crises, it's not like they are struggling to afford shelter.

I think the next market crash will be starting very soon, stocks have been on a bull run for too long and everything looks very overpriced.

I think it has become very natural because this financial movement will not always prosper, it will definitely experience a crisis and you must be able to take advantage of that moment to be able to make a profit.

Index Shiller PE Ratio has grown very much lately. This suggests that the US stock market is very overbought. As a rule, this always led to another crisis.

before the arrival of the financial crisis we better start to buy bitcoin to invest so that when the financial crisis comes we don't panic and distress. we can survive if we invest in bitcoin from now on because I read a lot of the good news of bitcoin in the next few months, many people say that the price of bitcoin will rise in December.

That's right, the crisis will come this month, because all coin prices are dying, and this is nothing new, the financial crisis will always be part of our economy and everything.

I believe financial crisis is coming because of the crisis of cryptos now and everything is affected of this crisis.But l believe this will not stay long.l believe cryptos Will recover and there Will be no more crisis.

In this economic situtation, its good buying gold, silver and bitcoin. Gold and silver already known as safen haven asset and bitcoin start recognized as store of value. Financial crisis will come and go but we should prepare facing it

The financial crisis has already started. In Turkey there is a massive inflation and people are fleeing into crypto currencies. This is just the result of endless depth and money printing. Many countries will be affected by this and also stocks will crash.

While I wholeheartedly agree with your both points and even more so with your second one about avoiding debt as much as possible, the debt itself may be a way of hedging against the crisis, sort of. I know it sounds controversial, and it definitely is, but I remember when I was a child my parents had taken a loan to build a house. Then a crisis began and money quickly depreciated, so they were able to repay the debt very soon without a lot of financial stress. Indeed, banksters are not stupid and they do account for such things, but sometimes you can effectively use their tactics and methods of stealing money from you against themselves.

It is pretty much the same with taxes. In fact, it is even easier and more feasible. You just avoid paying some hefty tax for some time, but since taxes can't be "retaxed", you then pay your tax with cheap money after the crisis goes full swing.

every country will always experience a financial crisis when the economy goes down but as a developing country it will certainly try to overcome this crisis by stabilizing the economy, and I think when crypto rises again financial will also improve again

the financial crisis has indeed come. We should invest carefully, because the crisis market will happen events that no one would have expected. Make a small investment now and spend a lot of time reviewing the market.
I think that's the best way to make a profit and be safe.

It is true that we are faced with financial crisis and most people are saturated with sorrowful moods.i stand to encourage all to keep on moving with crypto. Market will not be as it is but will be attractive to see in the nearby future

I do not care about this financial crises. These periods come regularly, and people survive. Yes, people lose their money (especially those ones that have a lot) but the period when everything stabilizes comes again.

In 2018 many countries have serious financial crises! There are many weak links in the current financial system!
Many countries worry that the Turkish financial crisis will not only affect emerging economies, but may also hit global markets.

Yes, I think the financial crisis should have happened this year, but it is not a good thing because of the factors that lead to the extension. This will lead to a more intense financial crisis. This is very cruel.

it is the most important thing to be feared by everyone, those who save their wealth in bitcoin will be lucky people when that happens, start investing your wealth in places like bitcoin, gold or real estate, because investment will save you from the crisis.

I don't need to fence anything since a vast piece of my riches is stopped in Bitcoin as of now. I do hold a moderately little measure of gold also, however I am not intending to include more in the coming years, except if the gold value tanks profound, yet that is exceedingly improbable. As it were, I'm great. Much of the time individuals will just act when it's past the point of no return as of now, which influences me to feel frustrated about them, however then again it's their numbness and unjustified trust in the normal economy influencing them to miss out. We have experienced such a large number of practical troubles, that individuals ought to have had a reminder years prior already....

Not only investments will save you but you have to keep extra money with yourself for your needs. Investment with big amount in one source is not a good idea at all but it is always a good idea to diversify your investment is different trusted places. When you understand this all and do the same then you will not need to worry about anything but this right management will work out.

not only investment with big amount will save you!but to keep your extra money for your other needs,you can also have a bank account for the safety of your money

In every business , especially in the financial institutions, there will be time that it will experienced  financial crisis ,and there are reasons for this crises , but there is good management that still replinish this financial crisis , and you can not avoid this.

The financial crisis will come - it's a fact, a question only in time, when this happens. And what will be the spark, the starting point. Today's money (paper) is essentially debts, which in turn generate new debts. Financial instruments and deriatives can and solve the current needs of governments and financiers, but at the same time exacerbate the situation as a whole.

I think in many cases people will only act when it's too late, which makes me feel sorry for them, but on the other hand their ignorance and unjustified trust in the ordinary economy make them lose. We have gone through so many economic difficulties, that people must have a wake up call many years ago. I'm happy that I don't need to damage anything because most of my wealth is parked in Bitcoin. I do have a relatively small amount of gold, but I don't plan to add even more in the coming years, unless the tank prices gold in, but that is very unlikely.

The economy will inevitably be in crisis, but we should accept that it is the law of economics and we should change so that the economy can be better and fit the market.

A lot people are saying financial crisis will come, but nobody knows when exactly it will come. It is very hard to predict the market. If one can really predict the market precisely, that person will definitely make a lot of money.

This is true.
For almost every decade, the financial crisis or recession will come back, for whatever cause one could think of.
The one million question is: How do average people protect themselves from losing a large percentage of the wealth during the crisis.
During the 2008-2009 crisis, I heard a slang:  "Cash Is King".  Hopefully, when the next inevitable financial crisis returns,  a new slang will be "Bitcoin is King"

Let's deal with this topic straight to the point. Financial crisis is about lacking money to buy all are needs and wants ofcourse. Financial crisis will not happen if we are working and finding a way to earn for our daily living.

The fact that the national financial and economic crisis does not really matter to us. As a matter of fact we can not do anything for the country. This is related to the organization of the country and they need to have specific plans. And our job is to plan to increase sales and a lot of money. The main purpose is to care for the family.

In fact, everything seems to indicate that we must get used to these scenarios of uncertainty in the markets and the economy in general, because today more than ever a savage capitalism seems ready to devour all available resources on a limited planet, so that very soon we could suffer a brutal outcome to all the economic farce in which we have been living.

It was been and will always be a puppet of those elite people and we can't do anything about it though the least we can do is know what's the fact from fuck. In an instance, it's really saddening how media uses social media to poison the mind of younger generation and condition them they should believe them. More likely a hypnotism at its finest


That's good point and you're lucky to do that like you can diversify to other assets but what about those poor people that doesn't have even one asset? Financial crisis is a serious issue that every country has and it really strikes us especially those who are in the bottom of society. And the fact still remains that when you're poor today, you're be poorer tomorrow and it sucks.

i think we must have a role in country, so that economic crisis that hit our country can be overcome, in addition to thinking about family finances. i hope that cryptocurrency will be legalized immediately in order to pay tax

They're pumping themselves full of air and it will eventually collapse when the massive overvaluation of companies cannot keep up with the sales or whatever they profit from. Just look at what happened with Facebook last week when they got hit with the cold reality that no one likes their shitty algo-driven newsfeed anymore and have started flocking elsewhere. One by one these giants are going to take mighty blows, and the fabricated value will come rushing out of the balloons they call their companies.

There are some things that will likely to occur with the present year that never had happened in the previous year. So if we face tough times with the previous years,i'm sure it has high chances that it will change today. Just keep on fighting for your faith.

It is bad if a financial crisis happens again. It will bring bad things, poverty, unemployment, people are stagnant. I hope the countries will have a good policy for the current economy.

I think financial crisis is on the way because many big countries are like to do trade war with each other. due to trade war we have seen many south asian countries loss its currency value, you can take example of Indian rupee, It losses more than 8% value against USD and similarly other countries do so.
I think all nations have to work together so that every one can grow together. we should play fair play with each other.

If the world financial crisis comes, the holders of the cryptocurrency will be able to make a big profit

In my opinion, in many cases people will only act when it's too late, which makes me feel sorry for them, but on the other hand, their ignorance and unjustified trust in the ordinary economy make them lose. We have gone through so many economic difficulties, that people must have a wake up call many years ago
I'm happy that I don't need to damage anything because most of my wealth is parked in Bitcoin. I do have a relatively small amount of gold, but I don't plan to add even more in the coming years, unless the tank prices gold in, but that is very unlikely. In other words, I'm good.

Rather than argue about who said what and all that, could you humor me just one more time, and provide an answer to my point: "the entire reason deflation is so painful is that supply and demand were distorted by central bank/government-driven financial asset inflation in the first place, during the 'good' times.  This has been the dynamic throughout all of modern history, enabled by the ability to print money and debt.  Anti-hard-money commentators actually use deflation as an argument against hard money."  Thank you.

There is no need for the total supply of base money to grow.  (The prosperity and growth of Renaissance Italian cities, and China from the 1500s through 1800s, where base money was physical gold and silver, serve as counter examples to the idea that a 'flexible' money supply is necessary.)

In a truly free market scenario, *credit* would grow and shrink according to the natural rate of economic growth, and *private* desire or lack thereof to invest or spend.  Since there was no systemic bias from the elites' policies, people would only invest and spend what they could afford to lose.  The economy would be naturally stable as people wouldn't panic from losing savings.  (They would keep their core savings in hard cash.)  People would tend to be in jobs where work was really desired by those who pay for it, so employment and demand would be stable.

Now this is not to say there wouldn't be natural swings in economic conditions due to genuinely misjudged investments, project disasters, etc., but that is unavoidable under either system.  What we would avoid is the much more frequent and worse state-driven booms and busts, from the Tulip bubble to the 2008 crisis.

True, the supply of gold and silver fluctuates independently from economic growth.  This just goes to show no money is absolutely perfect.  But we're nowhere near having to worry about fighting nature, when we have human beings deliberately pretending money and credit are good while the fiction holds, and deliberately making the suffering worse, by tightening money to protect their system, once the bust occurs.

There is no need for the state to get involved in stimulating credit formation, since the desire to profit from a good investment is universal.  The only reason governments and central banks get involved is to benefit the elites.

Oh, surely it will come. Some people live today a lot better than they should do and in the opposite billions of people live in bad conditions and that cannot last forever.

It is well insinuated already that the cryptocurrency market has hits down moments already for the year 2018 and we are merry go rounding the resistance level. I can say that we are currently in the midst of the cryptocurrency financial crisis. We only await the ETF release into the markets to lift it up from the dip.

It already came into many countries. Venezuela and Turkey is already there, Greece and Spain still not doing amazing after the last one, Russia is doing alright but at what cost, Arabic peninsula is spending money like hell and oil is not getting bigger, its drying up, as far as I know the only country that is doing great during the last few years is Germany and maybe china if you consider holding debt as good.

Financial crisis is not "coming" , its already here and its affecting everyday people and their expenses, I suggest we start looking at it that way because it becomes ignorant if we only say it arrived when it affects us.

You are right, financial crises are so recurrent that they seem to be giving clear signals that the current system has serious flaws that will sooner or later cause it to collapse, or that the system itself seems to be intentionally causing these crises to benefit from them.

That is why despite the FUD spread by these dark interests, we must persist in our commitment to the development and promotion of cryptocurrencies as a valid opposition to that rapacious and unscrupulous economic system, although we must be aware that the task will not be easy and at all times we will find a strong opposition on the part of those hidden powers.

We can not hold of it , in every business whether small or big business might experience this kind  of events wherein financial crisis will hit every business , but this crisis will be just recovered in time to come, so like this crypto investment this could also experienced this financial problem in their individual business.

We are going through financial crisis at the moment actually. Because of world wide inflation rate right now. Economy of each country are down. Everything prices are going up.

it seems like this happened because of the trade war between China and America. so that it has a global effect on all countries. we know that two countries are economic giants in the world

   Who is to say that BTC (crypto) isn’t being prepared as a lifeboat for smart money before the world economy crashes. Let’s face it, what else is it’s long term purpose? Next crisis will most likelly be debt crisis - everyone will try to minimize counterparty risk incl banks etc.

Many will claim crypto is reason why crisis happened. So much of a lifeboat. Crypto will have ruff times when that happens in any country for sure.  Also when crisis hit, everything will crash including Gold and also Crypto. Because of volatility the crypto crash will be huge. But yes, gold and good crypto will recover fast.

It looks the crisis will come very soon, real estate and stocks are a bubble.  They are due for a MAJOR crash.  A lot of jobs are being overtaken by automation and wages are not rising. 

Well a sigh that economy is boiling is when salaries are rising. Simply because o lack of workers. I think the economic crisis will not happen before 2021 and will sync with next Bitcoin bubble burst.

Financial crysis is coming! There is no way to avoid it and more stock market is growing and longer gap between last crysis and upcoming, the more powerfully will be correction. Something says me that it will be the strongest crysis for the last 50 years. But I don't care because of it. Do you know why? i keep my savings in crypto and it means that I am in safety. Nobody can get my money. What is more, crypto is supposed to grow at the moment of crysis

The banking lobby claims unreliability and the imminent collapse of crypto currency, but purchases mining equipment while simultaneously knocking down the current exchange rate of digital money.

Umm....wouldn't you want to diversify or hedge the bitcoin?  I'm not sure how wise it is to keep most of your wealth in crypto, even if you're young and have a high income.  It's one of the riskiest investments you can make.  I think it's even riskier than getting into the stock market right now.

I'm not a huge fan of metals, but honestly right now gold or silver might not be a bad way to store some value.  Metals have been beaten down severely since 2011, and I don't know if they're going to fall much further.

As to the OP, there certainly does seem to be a pattern of financial crises coming every decade or so, but that might give you a false sense of being able to see the future.  And you know what?  I'm not sure why more people aren't talking about how these ICOs might be in a bubble, that crypto itself might be ripe for a fall.  Not everything crashes all at once.  In 2008, it started with the real estate market and banks, and the entire stock market followed.  I think the next big event might be crypto followed by the stock market--or at least crypto by itself.  Bitcoin might come away unscathed, but I think shitcoins and new ICOs are going to take a big hit.

The state within which the market is going down has really scared most people to invest and in the absence of investment, investors will be short of finance for some time and may be financially broken.

True, no one can see when and how a financial crash will happen.  What I try to show is that it will happen, at some point, to some fiat-money-based asset.

The financial crisis hit the world today where trade is sluggish, even the trade war carried out by China and the USA has added to the heat of trade competition which has made prices damaged. Cryptocurrency also experienced a significant impact. This can be seen from crypto prices, especially bitcoin which is now even in the price range of 4933.4 USD (in my place)

My only concern is crypto, I know the crisis are here but I haven't seen this kind of significant dropped in just few days.
This cryptoworld is quite different and very unpredictable, they said it's volatile, well it is so deal with it.
With the crisis in the world, it will affect our economy and I am thinking that what happen in crypto now is just a big test before institutional money will flow.

At this point, almost all countries outside the US are suffering from economic pain and/or financial instability, and US financial assets are losing value, and yet the Fed still insists on tightening the money supply.

We are likely experiencing the part of the global-elite strategy where the elites would rather deflate the financial bubble, gently if possible but violently if necessary, than let it continue inflating.

If so, the bubble must be truly frightening.  In the medium to long term, then, non-state assets like gold, silver (physical metals only!) and cryptos should do well.

(P.S. In the interest of full disclosure, there's a chance that this deliberate asset deflation reflects strength rather than weakness, on the part of the elites, and is a preventive measure against dangerous bubbles in the future.  This was basically what happened in 1985 with the Plaza-Louvre accords between the US and Western Europe which deliberately devalued the dollar against European currencies.  I think this chance is small, because the international political environment is more hostile today, and China is also less able to accommodate the US in the same way the Europeans did in the 1980s.  Rather than acting in concert with key politicians, central banks seem to be counter-acting them to protect the system.  This is not a sign of strength.)

The financial crisis will not come. There will be no financial crisis for at least 2018. At present, the global stock market has begun to depreciate sharply, and crude oil has also depreciated sharply. All of this is to release the risk, so I think the global financial crisis will not be this year.

Financial crisis are definitely just around the corner We are experiencing it now and we are hoping that the market would recover we just don’t know when and how.

Yes financial crisis is really coming,its been here l hope so it will not take too long because many people is affected now in financial crisis which makes people turn into poverty.

Agree with you, financial crisis will be a huge boost for cryptocurrencies as ripple and ether, last one have a huge advantage coz decentralized exchange based at ERC20 tokens, i recently found out about great one - ethermium.com. Also, ripple is not in the full meaning of the word, this is more like a bank payment service.

I think everyone understands that if a crisis of finances and stocks comes, people will look for new markets to inject money. Apparently, they are now lowering the price of bitcoin in order to purchase well.

    Look back last financial crisis in 2008 to 2009 its a unforgetable moment many industries and companies are falling down during that time even the financial institution is paralyze is scared if i remember that time.
    But right now, i hope so that it didnt happened again, since trump implemented taxes for all goods in china its help to stablize the economic situation in the U.S.

as long as i read, there was bad news that emerged from America and Brussels. and it has an impact on the decrease in the price of btc. but indeed with many loyal bitcoiners it will certainly maintain the existence of BTC

For sure because this is the best way to overcome all worries and tensions if you will start buying at the low price so you will be able to sell at high after holding, to all these who have money to invest should invest for now because later on it will not be easy for them to purchase at this much low price, today almost whole market is selling their coins at reasonable price so buy now and then hold for long, crises come but being ready for it will not affect your income.

yeah agree with this, every economic crisis will come after when world economic are going well after all. So to prevent that many people or goverment that care to prevent that crisis making some plan to getting trough that hardline when come, as we know that thing will happen all we can do is just making plan to making it not getting worsed

I agree with that, when you are talking about invesment make sure that it would hit the exact goal and will be able to continue the business for a long term. The crisis is all over the world will drop easily but the power of business like btc it would easily to raise and proceed to the next level of the investment. Problems may occur but that woud be a challenge.

yes you are right, as long as there is still an internet network and there are bitcoinners in this world, it will not be easy to destroy bitcoin. indeed, now many people complain and are disappointed with the price of bitcoin. but I'm sure bitcoin will definitely be able to get up and return to normal soon.

At the moment, there seems to be no possibility of a crisis. Global futures, crude oil and securities are now falling. This will not lead to a financial crisis. Unless a black swan event occurs, the financial crisis will not come, and the massive depreciation of assets will be released in a risky manner.

There will always be financial crisis, it happen globally but the response to it is more important, what should a country do when they're facing crisis, sometimes when one country is in crisis the other country is affected too. so we need to come an idea how to deal with it.

now I have experienced an economic crisis, the price of BTC is now decreasing more and more, this month I have never had a profit in BTC, I have not dared to invest, I will invest when the price of BTC starts to improve

The financial crisis will not come, and the predictable crisis is not a crisis. Currently Xi Jinping has agreed to stop the trade war with Trump for 90 days. This is obviously necessary, but it also proves that the financial crisis will not come.

I do not think that we are going to see any financial crisis coming in near future.

Even the recession that happened few years before had completely left now and we are now left with stronger economies with good opportunities for all. The trend for startups is also on the rise for young people and I expect it to grow with time.

all crypto people experience the same thing about you, where many traders now hold their assets for an undetermined period as well as investors are following the development of crypto and waiting for the end of the year crypto price correction has entered stable orexperiencing a shock again like a few months ago.

we must be ready for all the possibilities that will occur in the future, including financial crises, disasters, and deaths. but for the financial crisis, I feel the biggest cause is not innovating, the difficulty of employment and people's purchasing power is declining.

entrusting the economy and our lives in fiat will make us more devastated because monetary policy and increasing inflation force fiat to have a value that continues to grow, and when we save fiat even though we get interest from savings the value is smaller than the inflation that occurs every year . trust in overcoming you in gold and crypto because they are resistant to the economic crisis and other regulatory arrangements until now

Well i think that the next financial crisis is going to happen sooner than what we all think.

Every 10 - 12 years there is a new one, maybe it can be a little one, or a big, big one, but it all depends on how things are being managed.

I hope that we won't lose anything this time

I don't believe that the financial crisis will come. There is no black swan event which usually does not happen. Usually only when people forget the financial crisis will come. This is the same as the cryptocurrency market. When many people give up the cryptocurrency, he will take off.

Have you had a look at the stock market recently, for instance the leading tech stocks or S&P? You must be blind in order not to see the writings on the wall. The markets collapsed in december when the FED decided to go ahead with bringing the interest rate slowly back to levels before the last financial collapse. The only reason the markets did not plunge further has been the Feds announcement to pause the gradual increase in interest rates until the markets are more stable. At this point the system is fragile that we do not need a blackswan event, a black duck would be enough to cause a complete financial collapse.

I think the economic crisis will affect the bad side. Because people investing abstain due to the crisis is quite a normal situation. In the crisis period, there will be no hot introduction in the big sense to the markets. The importance is our patients.

Crypto isn't stabilize yet, and still more years to come to make it fully accepted by the people and consider to be another form of currency accepted by all establishments.

The same thing has been predicted time and again by the people involved in Every sector ...the good thing is it had been also predicted that Bitcoins will luckily be on the ride even in the time on crisis ..or even if they are not on the rise they would still be better than most currencies now a days ...I think we should hold some cryptocurrencies because in this way the whole world can actually support each other .. everyone will be interconnected and therefore can be benefited .

"Crises" are intrinsic to the capitalist system, because it is clear that no system can grow indefinitely. So, periodically, the system resets itself.
The important thing is to understand that if you know how to manage things you can earn more in times of crisis than in normal times.

Financial crises arose periodically and will continue to arise. This is an inevitable evil and at the same time a purification of the economy of each state.
It is generally accepted that cryptocurrency arose, inter alia, to contrast the negative consequences of global economic crises. During its approach, the price of cryptocurrency should increase, as people will try to avoid the effects of sharp inflationary processes at this time. We will soon see how it will work.

Not UK only - the whole financial world is waiting for an explosion can happen at any moment. And until this happens, professional investors transfer their assets from securities to gold and Bitcoin. They do it as a precious metal is a well-proven protective asset, whereas Bitcoin is a new financial instrument that does not depend on the stock market and can show high profitability.

First Gold, and other precious metals and probably bitcoin later. Because crypto in general hasn't been tested whether it is a good hedge to a global crisis.

So we will have to see, financial crisis is looming around the corner, so bitcoin might be tested in worst case scenario. As far as Brexit or even the US-China trade war, it could be a major factor that will push the world into the brink of finally collapse. It is scary, but inevitable, and I guess it's part of the financial cycle.

As I know, Bitcoin is an unmanaged business and its value is determined by the market. If the whales abandoned bitcoin one day to return to gold or some other more potential asset, would it be called a crisis?
Bitcoin is really risky when no one manages it. How do you answer about this? And how are you sure that buying bitcoin will benefit the future?

   And there is financial crisis around the world, it just jump from one country to another, or couple, you never know. Good thing for all of us is that we own some Bitcoins, and many
alt-coins, it`s like that in my case. But it`s not just for us, many people will find safe heaven in crypto-currencies. We don`t care about financial crises, we have our own fluctuations
right here, but in long-term we are safe and we will make money.

Financial crisis is coming but in crypto we always have the chance to earn money, l can say if crisis come we can longer stay here because we have a very big chance to have a daily income here. It depends on how we search how to grow my capital.crisis come but we are a survivor here in this site.

Recession/Financial crisis is a global phenomenon that is sure to impact negatively on the life style of citizen in different countries, to be exempted from financial crisis an investment  in cryptocurrency is the latest technological way out, research, invest and take profit to re invest.

There will always be a period of financial crises. All your highlighted points are valid, but not limited to them. We see how greedy the rich class can be in benefiting from the financial crises and calling for bailout, bailout is just a way of giving more money to the rich which further punishes the economy. I read conspiracy of the rich by Robert T. Koyosaki, and I weep for the people controlling the economy, how notorious they can be.

It's certain they'll come. A financial crisis is nothing more than a contraction due to a transitional period where the economy adapt itself to emerging and fading markets. The key to progress and survival is adaptability, staying relevant and being able to read the times helps a lot when figuring out next moves. Research, planning anticipation and assertive action can make a different when adapting investment portfolios or trading strategies to remain afloat during a bearish market and even during contractions. Right now, many would say that are some emerging markets and projects that have high probability to perform well, regardless of crisis, blockchain is poised to grow exponentially and venture capital is a necessity that won't die soon. There are opportunities for growth and improvement, that means value, which in turn, means profit.

Crypto currencies are created using technological advances and the development of times and economic systems. Crypto currencies will one day need a country that is experiencing an economic crisis, but until now the crypto currency is still underestimated by many countries with negative results will be obtained. crypto money will be useful for countries experiencing economic crisis

Financial crisis will certainly happen no matter what time, most notably in 2008 and in the future it will repeat again, besides the crisis is also an opportunity, if you know how to turn things around and good risk management money will flow to you because of the economic crisis is the way that money from one person to another. There is also another solution, which is cryptocurrency, which is fortunate when I know this, this asset will be very stable and strong in times of crisis, it is more valuable than gold or metal

Financial crisis come, 911 incident all over again, people blame each other, people kill themselve, some people jump from their apartment, innocent people died, and the people over the Wall Street laugh their ass off while on their way to the bank. Am I right?

If you are talking about a global financial crisis then none of the financial market will survive, people will withdraw their money and invest in gold if something like that hits and none of the markets will be spared and even the cryptocurrency market will be affected, we never experienced that yet and hence you cannot determine the real impact at this moment but i am not expecting anything different.

In the next one to two years, the US market is likely to collapse. Then we will see a new global crisis, but I do not think that bitcoin will grow at the time of a panic in the market, but most likely it will recover much faster and go up even higher than before.

I think it would be best, if the global financial crisis to come at the moment of the bull run on the cryptocurrency market. This could create an unimaginably huge bubble at the price of Bitcoin! I keep my fingers crossed for this to happen!

I hold a bit of different point of view. In case of stock market downfall, I am more than certain that crypto currencies will grab attention of stock investors. In any sort of economical crisis, digital currencies are going to perform the role of savior. Those who are holding these coins at present, wont need to be worried about anything in future under poor financial circumstances. Digital coins do not depend on anyone so a downfall in financial market wont hurt them.

I think that is purge :") but it will happen in a country that people want to get their freedom. a lot of countries now are facing this kind of issue that their citizens want to control over their selve's and not own by the government. if this going to happen world wide, cryptocurrencies will be in demand and this is the right time to show them that crypto is better and for future. market increase will make an history and people will accept that in crypto our freedom will not be able to procurable from us.

Those predicting the market will collapse soon are wrong most of the time, you must remember that even if the system cannot be in place forever those at the top of it have all the tools to make it last as much as possible and it is only when they truly lose control of it when we begin to see the consequences of this.

This is what happened in 2008 when they lost control of the economy and the only way to stop a total collapse was for the governments to absorb the losses the bankers had at the time.

Even though they are wrong most of the time, you should use their prediction and advises as a guide and also a warning that there is a near financial crisis and we should be ready anytime. We should save money in order to be prepared when the market crashes because that is when we can buy a lot of cheap stuff and hold them until the market recovers and sell it on top.

Blaming various parties as the cause of the financial crisis is very easy, sometimes as individuals in a country, we also have a role to avoid even coming out of the financial crisis.

With the current neoliberal economic system, it seems that the financial crisis is not solely the result of problems abroad. The problem of the decline in the confidence of stakeholders, markets, investors and the public in the government contributed to the decline in the value of the currency. The existence of funds flowing abroad also occurs because there is investor mistrust of a country's economic fundamentals. For example, debt risk continues to increase, and fiscal management is not credible, which is reflected in the tax shortfall.

I think the financial crisis is something that cannot be avoided by a country because it is a mistake of the world's financial system. To fix it, it needs an extraordinary update. Damage to the world monetary order in general certainly requires a fundamental solution, not a patchwork solution. from my point of view and the reasons why the financial crisis is unavoidable because it is the result of an error/malfunction system.

- The world economic system uses the US dollar as a benchmark. In other words, America is an economic barometer, with this role it can export inflation and its financial crisis to other countries. The US dollar is a paper currency that is not guaranteed by a commodity that is worth (fat money). Thus, this currency can easily be produced by a country's monetary authority.

- The world financial system does not use currencies with intrinsic value, so there are no fixed standards. Fiat money has no intrinsic value so the exchange rate is subject to manipulation. Intrinsic value is the value of money based on the material used to make the currency. For example, money made from gold then the intrinsic value is equal to the level and weight of the gold contained in that currency. Likewise, fiat money whose intrinsic value is far below its nominal value. the use of gold coins as a single stable and standard currency creates a fair monetary system that runs in harmony with the real sector

We see that critically economically always comes anytime where everyone wants to build it by working hard to be able to meet the economic needs, fortunately I already have a few assets from the first time I collected and I save a little in the form of solid btc and altcoin for future assets, but unfortunately there are some who are just aware of the increasingly critical economic needs and just started to wake up, all of which causes the speed of time so fast even though the economy is unstable. we hope that in every country and government can overcome it in the future

Almost the end of 2019 and so far so good. People are still pointing out stuff that might indicate a coming crash and it still pays to be cautious.

It's not a matter of if but when, the economy just seem to have these cycles and we should just consider them to be part of living and prepare for them.

Op wrote his post about a year and a half ago, and there hasn't been a crisis yet.  I'm not saying that to criticize him at all, and in fact I think one is coming.  Obviously people were predicting it last year and probably since at least 2013 when the economy had recovered from the 2007-08 crisis.  The world is due for one, that's for sure.  But honestly I don't see the signs of one coming imminently.  Employment is pretty high, and the stock market is doing well...but sometimes you don't see them coming, and that's the scary part.

Your second sentence is true as true can be.  It might be a good time to start saving some emergency money as well as some cash that could be used for investment if and when stocks and crypto start to crash.

And that's what I'm trying to do. I don't have much crypto to begin with and I'm avoiding spending them now. Main goal is taking advantage of a coming hike and to get more bitcoins out of it but I really doesn't hurt to have things covered just in case. Also saving less in banks, just enough for purchases and to maintain a credit card. If things get worse, all that money can go poof (inaccessible) not to mention only a small amount of it is insured by the government.


Cash is good. Having some on hand can be useful once people start pawning stuff that you can resell for a profit once the economy recovers.

The crisis is not a cycle you should expect every other decade, the policies that are run by big bankers are the reason for these turmoil even if it happens, only bad policies and bad decisions make a good economy to crash and you cannot blame it on any imaginary cycle that cannot be avoided. If you look at the global market there are many issues and there is a definite slowdown in the economy and we all know what happened in 2008 and we are expecting for the worst once again.

I have happen many times in the past so it will happen once again. This time there is some an exit point which we own this time such as Bitcoin. During the past crisis, people suffer including the ones who has the money to survive. So far they all knew its going to come and right now they might prevent through  cryptocurrencies. Today we are already seeing the inclusion of crypto in the Foreign exchange market.

I am aware of this so don't worry, if anything this is very similar to fundamental investing in which you can tell what direction the market is going to take you just do not know when that will happen.

The same is true here all of those claiming that there will be a huge financial crisis are correct in the diagnostic but they cannot really tell when it will happen because there are simply too many factors to consider to be able to give an accurate prediction.

The thing is these banks just come up with new riskier things to engage in, like bundling and "selling" debt packages etc., (something I still can't fully understand) and regulators only catch up once the damage is done. When most people say a "cycle" they don't necessarily mean crashes coming at regular intervals but more the play between gov't regulators and the financial sector.

In 2008 it was subprime mortgages, next one could be something else entirely different. Only similarity is that people will have their money siphoned off again to prop up the perpetrators.

Well lets be real here, if there comes the financial crisis it will make all the financials sector suffer and that includes cryptocurrencies. People at that time will need money or basic needs to survive and selling crypto if they have is one of the option because many people actually consider cryptocurrencies as digital property and not currency. People at financial crisis always consider to sell things that they consider not much of a help because that's all what they can do.

In my opinion, the financial crisis will come, because seeing the lifestyle of people today which is very wasteful. People prefer to buy
goods that are not important. Many people use credit to buy an item, one of the reasons can be a trigger for financial crisis. So from
that before the financial crisis occurs it should start from ourselves to change our wasteful lifestyles into more economical. As much
as possible the income we have is partly stored in the form of assets that have good value, such as cryptocurrency, gold, stock market
or even real estate. The next thing is get used to buying everything with cash, stay away from credit loans. Then only buy things that
we really need. By making these lifestyle changes even though the financial crisis coming it's not become a problem, because we have
prepared carefully.

We cannot control things especially the economy, there's a lot of factor which causes financial crisis, so it is possible that financial crisis will occur anytime and in every country. I agree with you that one factor is that, people hasn't been wise in spending their money, when they do have fund they prefer something to buy which can impress people rather than investing it.

While a crisis happens precisely because very few can foresee the problem that is forming I really think that the next crisis is going to be the mortgage crisis part two, governments never really resolved the crisis they just threw money at it and hoped for the market to calm down and they were successful but next time things are not going to be so simple.

Most countries are now very indebted and they do not have the resources to do something like that again and they will have no means to solve the crisis when it happens.

The next financial crisis will definetly come so it is inevitable. Most of the riches are aware to that and most of them are now preparing and it is the reason why they keep acquiring gold and silver because they know that its value will not crashed and it will continue to grow up.

This is still uncertain about the future. I have noticed negative interest rates are gradually appearing in European countries and the trade war is not over. but it was all just the beginning and the worst was the recession. The economic crisis is even more serious, it usually occurs when a bubble has just burst.
So I think the situation is not as bad as you think. everything is still manageable and the Fed is doing a good job of continuously reducing interest rates.

I never trust any one have talk with bitcoin or crisis will come at the future, many people have prediction about bad thing or good thing at the future but look not true whit his prediction, I think keep running our self how ever by investing with bitcoin or other thing, never heard some one about bitcoin will go on or bitcoin have lower price later.

Situation is worst then ever before, government is just trying to cover that. They manage to bail out huge banks and their mistakes, they manage to bail out some countries, Greece for example, but in long run that financial crisis will come and bubble will burst. Trade wars around are just like sparks, we see them here and there, and I think that one of these sparks will create a big fire, sooner or later.

they are trying to spread FUD, it might have an impact but it is only for a moment. in fact after that until the year changed everything was fine. I think the future crisis is not an economic or financial problem, but there is something else that has nothing to do with world economic conditions.

Financial crises come in a country when it becomes so critical for people to work. When people don’t get earning opportunities in the country and governments don’t provide them a good system so crises will come. Traders are contributing to making the country progressive as crypto is our best resource to help our economy get out of those crises.

That's the only thing they can do right now I guess. The US also reducing their interest rates in anticipation of the recession.that may be bad for the people though but I guess that's the only way they can save themselves from the recession.

Definitely agree, this so called "cycle" is just a comfort word to make people feels in normal condition despite the economy is getting worse and worse due to the failure of policies by the big bankers. however the fact that market could become saturated also could contribute to this recession aswell.

Financial crisis will come but there are ways for us to avoid it. The banking system will definitely collapse again like what happen on 2008 where it said that it wast the most serious financial crisis that the world experienced. We can avoid it by being smarter and skillful, acquire assets that have value where it continuing to increase.

Any investment will have to take profits. We often invest in small amounts and take profits more easily, which is like a grain of sand in the desert. For tycoons, making hundreds of billions of dollars in profits is difficult and takes more time. So they will be patient to promote the value of certain economies or economic sectors they can manipulate. The next step they will buy back at a lower price. They will calculate carefully and have a plan. That explains why the rich get richer.
Recession will have to happen soon. Currently the US government is trying to prevent recession. I have a feeling that China will be the first country to collapse in the coming recession.

Many are oblivious to this, the situation may seem to be great since there seems to be prosperity but that prosperity is built on lies, everyone from the poorest person to the most powerful bank and government is indebted, how it is possible to maintain an economy where everyone owes to someone else?

It is not possible and at some point the whole thing will crash and the best way to protect ourselves is to be debt free and to have assets that will go up when such crisis happens.

saving money in the bank make us not ready to face this financial crisis. We have to do another thing so our saving and assets increase alot. When crisis coming we already have preparation to face it.  Skill and our knowledge could be the solutiom too , we could catch many opportunity in around us to ear money.

then dont put all your savings on a banks so that you still have a back up money if ever banks collapse  . another good option would be investing some of your money on cryptocurrencies  because i think cryptos wont be affected by a crisis but fiats are usually the one's that can be targeted if its related to financial   . there are no cryptos before but people survive the crisis ( any kind of crisis that happen ) not just financial  , so we shouldnt be scared of it  .

yeah right, with market conditions that continue like this it will cause a financial crisis for those who invest without thinking about market conditions, but for those who can read the market movements well then of course it will not be a problem for their finances

Crises are clearly driven by elites and allow them to make immense profits, precisely because they know what is going to happen and get ready.
It is no different from whales that make speculative movements on bitcoins without warning, earning mind-boggling figures every time.

I don’t really know if cryptocurrencies would the best option in times of crisis to secure your assets so I suggest to store some of your assets in gold. It is interesting to know if when that time happens which I also would not, what would happen with the cryptocurrencies. Would countries start using it just like in Argentina where people had been buying cryptocurrency to store there funds since they are experiencing economic crisis. Though I think the chances of the banks collapsing is very low i.e. close to impossible since banks aren’t just about fiats.

Cryptocurrencies can now considered by the others an asset and I also treat it as an asset. If you want to avoid the next financial crisis it is good to acquire many assets as we can and we should lessen our liabilities. There are generating assets that can help us to have passive income.

I agree with you, better to have assets that appreciate for long term hold. But, the financial crisis I think has to cycle, the government needs to ease it. When there is a crisis all is affected, better to be ready or prepared for it by starting now by buying some assets that can withstand those crisis.

property will be the solution for it. Its assets could survive in any economic condition , holding assets with high return and high liquidity will help us to face financial crisis.  And also dont forget to collect assets as much as we can before it happen. Our money and assets will make us comfort. We should not worry if our preparation perfectly done.

This is something that I have always thought and while there is no evidence of it, it is completely natural that this is the case, after all if you were one of the most powerful people around the world will you try to play fair or will you try to fix the market in such a way that allows you to get easy profits whenever you want?

I think that question answers itself, they are not going to want competition, but bitcoin is a real issue for them because it allows people like us to escape their manipulations.

He saw a lot about this issue, some important analysts claim that the 2008 crisis was the fault of the banks and that the next crash will be by the banks themselves.

It is for this reason that the creation of cryptocurrencies is taking effect on countries and banks taking advantage of blockchain technology and the rapid market capitalization that can be generated, which for a country or bank easily translates into liquidity to pay debts.

The negative interests, their figures are really alarming, so much that the Fed suggested to the United States the government to create the digital dollar, a few words a cryptocurrency, to consider these options they present that solution by traditional economy to the debt problem It is almost impossible to solve it while printing cash and inflation increases, they have realized that the solution is through a deflationary economy, of course, lack of waiting on what all this is developed, some measures are to be evaluated to be implemented I think that 2020 will be a year where interesting things will happen in the crypto market and in the world economy.

Even so, when the issue of diversification is afloat, due to the low correlation of bitcoin with respect to some actions it helps a lot to have more refuge from the value of money, although now new reports have emerged that these indexes are no longer the same. and that the correlation has increased.

I believe that a financial crisis is inevitable in the near future. I don't know what will happen to crypto in this case, but I know that the attitude of society towards fiat money will change.

The intensity of the crisis will define how people react to cryptocurrencies, if the crisis is as big as the one that we saw in 2008 then we could see some adoption going on but nothing spectacular at all.

But if the crisis is as big as the Great Depression or it is at least in that ballpark then we could see a radical change in the attitude in the way people see fiat currencies and in the way they see cryptocurrencies but we are not going to know the magnitude of the crisis until it happens.

Most likely this is hype and the financial crisis is not like that. I believe that the financial crisis was specially invented in order to raise the price turnover.

I think, the financial crisis will come for people who have no savings and cannot manage their finances well, if they can manage what they have and use it well then they will be ready for any condition.

Financial crisis does not start due to certain market conditions, it's mostly a long term process that happens over years and years of unhealthy financial decisions by governments such as bailing out banks and reducing interest rates. The worst thing about it is that the only way to fix the whole financial system is getting a full blow off top that would destroy the system as we know it.

However, we still might be years away from the financial crisis and the markets can keep on pumping due to the rigged money system where governments can literally pump money in stuff like stock market. Thus, investing in stuff like snp500 is probably still a good decision.

The financial crisis is an almost continuous phenomenon. He loosens his grip, then strengthens it. Although it is worth recognizing that it used to be more local in nature, and in recent years we have seen trade wars between the leading countries of the world. This is bad for the global economy as a whole. I think cryptocurrency will help some people diversify their assets and ease the impact of the financial crisis on their family.

Yes, financial crisis is continuous phenomenon and it happens in certain time intervals. So, actually it can't be avoided but it can be predicted. Also, some said that financial crisis is usualy caused deliberately, usualy by banks and other financial elites.
Some economist say that 2020 is the next crisis year and that people should be prepared. Some will turn to cryptocurrencies as a solution and that might riae their value. Even if the next year crisis don't start people should be prepared and always have some kind of back up, Bitcoin could be one of the solutions.

We should be prepared if we want to not lose money. Financial crisis is now near and we can avoid it by investing in real assets. As time passing by our economies is continue to boom and of course the banking system should be improve but the problem is they do not know how to fix the current problem that they keep experiencing. We should be a smart people if we want to avoid the next crisis. I will invest my money mostly in golds and I planned to create a business that can give me passive income.

If I were you, I would rather go put all of my funds into the businesses that I am planning because it is better and it provides a wider opportunity rather than putting your money in gold. Gold is a good investment but for me, it is more like an end goal investment where you will just put your excess money. Invest into businesses and try to scale it up to create more cash flow.

A crisis is a time of illness in society, when too many problems have accumulated that people themselves have created. We have created this, and it's in our own strength to fix it. You need to rationally use your mind and your skills. You need to think about how you can provide your life and the lives of people around you with everything you need (and I'm not talking about artificial intelligence, 5g and other unnecessary things, but about simple things that everyone needs - food, water, a house, etc.)

Financial crisis is always happening not only in our economic but also in every poor family. We can't avoid the crisis,the important is we should always ready if this time comes and if ever it will happen to us in a near future ,much better to invest now in different investment specially in cryptocurrency. Anyway ,i am not afraid the financial crisis because we can make a solution to overcome it.

We need to have the backup plan always read and with us contingency amount so tht if required it can be used and there would be no issues faced. Also have the diversification in the investment so that you can keep earning from multiple sources and even if one is in negative returns other may be positive.

The whole world is going through a terrible financial crisis. The current coronavirus epidemic has shut down international trade and commerce which will have a huge impact on the economy of every country. My guess is that the situation after the Coronavirus will be very volatile in the market. If you will buy gold, silver, and Bitcoin for a long-term plan then you are more likely to be profitable.

The financial crisis will soon come and it will also affect the whole economy. Lately I've noticed the absurdity of the stock market in the US. They are clearly the hardest hit covid but the DJI and S&P 500 are still growing. This is completely against the law of nature. holders will pay a heavy price for going against the rules of nature. It takes time for the economy to grow again and the financial sector to follow the same standard.

Yes I think financially Crisis All Globally due covid 19 all world is lock down so all supplies chain stop not any business Country to Country all major Company Work stop  due covid 19 so all big Unemployment coming days financially Criss.

Economic recovery or resolution is suitable to do absolutely during this economic crisis or new normal from the slave of coronavirus ,some countries definitely constituent a group as people's power to unset the impact of General Community Quarantine  (GCQ)whereas their main rival is reauthorization to return their main source of income so it's better to hear and allow some gathering while lockdown and maintaining the social network site or distancing.

Thats true financial crisis going up , but there are many countries that make a low back income in this crisis. Like here we are under GCQ or general community quarantine because government need income for the recovering of the loss funds because of this pandemic. But for me this is so much hurt because i only working in small business in manila and i here in province of rizal because this crisis. Because of that i planting some vegetables in my backyard to be backup for the future.

Currently, there is a crisis in all aspects due to the virus This problem is due to the closure of everything at work but it is a much better idea to keep vegetables Not just the future will help overcome the crisis. We should take similar steps to overcome the financial crisis or gambling online would be better If we participate in gambling without wasting time sitting at home we will be able to earn even a little bit The financial crisis will be easily overcome.

Yeah but we are starting to recover now,because little by little those companies that has been closed because of the quarantine and Lock downs are now starting to open again and make the business back to normal.

Though there are some strict rules yet this can be the beginning of our new life.


Covid will never stop,because this is something that we cannot deny and cannot be controlled.

Let us keep Our self away from possibilities of being infected.

The financial crisis began in March 2020, when COVID19 began to spread rapidly throughout the world. Even bitcoin is down to
the price of $ 3800, fortunately it did not last long bitcoin quickly rise again to the price of $ 9600 now. Financial crisis is increasingly
worse now, because many people are laid off from work and shops must close. This makes a lot of people difficulty making money.
Hopefully the vaccine can be found soon, so the economy can run normally. But as long as the vaccine has not been found, the financial
crisis will continue.

So while we are still in financial crisis, we need to find alternatives where to get our financial and everyday needs. If we will wait for government assistance or vaccine to be commercially available, that would be tough for those families with kids. If you have a small garden, you can optimize it to grow some vegies so as not to buy from the market. You can also barter items from your neighbours, or look for online jobs that will earn even a lil bit of income.

I'm actually surprised that there aren't that many open communities, wherein people grow their own veggies and exchange their leftovers for other veggies.

So far things are improving now, countries need to keep their economy moving they are now easing up, some establishments are now open and people can go to work provided that they follow the strict protocols implemented by the governments, you cannot implement lockdown for a long period of time, it's going to be a disaster if they do so.

it will happen soon, we may even see it as a great crisis. Do you see the absurdity in financial markets around the world today, especially the US? when racial protests riots and robberies happened every day at the big stores in the center. After that, the epidemic situation has not improved but people gathered in large numbers to protest. But what worries me more is that the stock market has been growing steadily in the past few days despite very bad news. Will that be the last growth before the economic crisis occurs?

It has come months before and until now affecting the global economy,Yet people are doing their best to survive and this is what Humanities is all about.
What?will happen soon?are you blind?we are now in financial crisis because almost all government are making loan in world bank and indication that we are financially unsupported.

and because people needs to be supported,thats the main reason why financial crisis comes to every part of the world now and why people are still struggling but strong enough to fight for their living.

Yes I think Financially Crisis In Coming Days Due to Covid-19 All Globally Impact This Virus.Covid-19 it's very dangerous human to human transfer so Many people infection no any antivirus only safety tips use corona All world locked down no any business during lock down so coming financial crisis situation .

Yes, it is happening now in the world. Since March 2020 when the Corona virus attaked us. Because of that virus many business all over the world is suffering from financial crisis.Thats why we need to find some alternative ways on how to find money even if there is still no stable job for us or try to plant some veggies on your garden to eat.

New global crisis has been announced even before the COVID -19 pandemic. I think it would have happened this way or the other and because of pandemic it will probably be even worse, it will last longer and spread through more countries then in some "normal" conditions.
Unfortunately, I don't think there is anything we can do to stop this, we can only try to be prepared as good as we can to handle it easier.
Although at the moment I don't think that anyone can tell how serious actually this crisis is going to be and is it world going to be completely changed after it.

Individually we should, however, in general, we can expect that there's going to be a financial crisis that will happen in the long run if we haven't felt it yet now. The economy has been hit by covid-19, though not directly but it was the main reason why businesses stop operation since people has to go on quarantine to avoid getting infected, in fact, this is the worst year I've experience in my life, so I'm hoping it will end soon, and at the same time I also hope that my crypto holding is going to be a good security for my future.

The financial crisis is implicitly taking place in the world. Because of the serious impact from Covid-19 epidemic. Try asking stores, services, tourism, entertainment ... to close, where the revenue is. The economy of a country develops thanks to the favorable development from many domestic industries. Unemployment tourism industry will influence the influence of many other industries. Moreover we must carry out social isolation.

The impression is that states have done everything possible to bring about a global economic crisis. They stopped the work of factories and enterprises, prohibited the circulation of public transport, the work of markets and other enterprises in the service sector. It got to the point that some could not sell the grown crop of agricultural products, others could not buy and eat normally. After this, the economic crisis simply cannot fail. This is natural and done almost intentionally.

Actually, there is this trading that is happening in our country and they don't use fiat but they use things they think have the same value as the thing you are offering to trade. It is this group in facebook they call Bacolo Barter Community where you look at the things you want and you offer them things you think in value with what they are offering. https://youtu.be/wVFVDl34_Ac (the video is in tagalog though)

In situations of economic crash, it is smart to adapt and switch to means that will provide easy ways of patronizing other services and items without having to spend much money. It is not always a matter of waiting on the governments to bring solutions. There are many online jobs available for those who permanently or temporarily lost their jobs during corona virus outbreak.There are also other means of selling and buying using cryptocurrency and other forms of digital money or even barter trading with neighbours (this must be done with precautions because of COVID-19)

Financial crisis can only come when there is mismanagement of funds in a country but in a family is a lack of plan that causes financial crisis,a situation were by crisis in fund of country economy may be they experienced what they never experienced such as short of natural resources in a country such will attributes financial problem.

Disease can cause financial crisis such as covid19 which is the problem of world currently, after pandemic may countries will pass through financial challenges due to much expenditure during this problem of corona virus.

It is very possible that the financial crisis will come and the world economy is a struggle for a few years. This crisis is exacerbated by coronavirus infection. The coronavirus epidemic has made people economically weak and has become economically weak by spending their savings and investments. A lot of people have lost their jobs in this economic crisis. Over the past few years, every economic sector has been facing losses and due to the coronavirus, certain economic sectors have been plunged into a special crisis and a number of financial institutions have gone bankrupt. There is a huge potential for a financial crisis in the world economy due to people losing their ability to invest and this crisis is likely to be prolonged if strong economic plans are not adopted.

That is case in mamy countries. Governments try to help but their sources of money are also limited despite the loans and similar and businesses are strughling to service. They are trying to cut all expenses they can and very often that applies to employees too.
Yes, good decent paid job will be harder and harder to find and I'm afraid we are not even at the begininig of real crisis.

Yes, the crisis will come and go but this year it is getting worse because the virus has a very big impact on the collapse of the world economy, no country is ready to face a situation like this so of course the collapse of the economy is inevitable. But basically if this virus really goes away it is actually enough for the economy to slowly recover, because even though there is always a crisis that occurs in several sectors but this time it is a crisis that is not even just a financial crisis because this pandemic is gnawing on many sectors that there so that the handling does require time that is not fast.

I don't think that is a good solution.

Not all of us have a cryptocurrency and not all of us will be able to accept and use it as payment. Not just because they do not know how will they use it but because only a few of the stores or merchants accept it. Though it is really a good time for people to adapt and use the means that we have the internet, there are convenient and better ways to earn using that.

I think the financial crisis will come. This will happen due to a pandemic. This crisis will affect many countries. But this is just a crisis. It can be overcome after a while. Of course, bitcoins will always be expensive. I think this is a great investment. Perhaps bitcoins are more reliable than gold.

And here comes the financial crisis now...because of this Pandemic, thousands of people lost their jobs, and some businesses had closed, Health and psychological problems brought the economy down. We just hope that it will be over soonest so that we can freely do anything to revive our country's economy.

    Many people talked about this, what else could have happened if not this, after closing almost everything! Heart18 we can
only hope for the best, but I am not optimistic about reviving economy. Second wave is coming, news are not good, and by
some talk on the TV they thinking about closing everything again! For now that's only a option, we need to wear masks and
keep distance, but if numbers start rising again they will shut down everything again. After that it will be hard for many people,
and economy in some countries will fall apart!

As the economy reopens around the world we are starting to enter the era of financial crisis, already before the corona virus spread the experts were saying that there is going to be a financial crisis in the near future and now due to COVID this fire will spread on an even faster pace then ever before as a lot of people have lost their jobs, businesses are shutting down and there is increased Border tensions around the world, all of these factors will have its impact on the world economy and thus the start of financial crisis.

With lots of bad happenings this year, we could conclude a financial crisis we are experiencing right now especially to the pandemic brought by corona virus that every country are suffering right now and world economy is in verge of collapse if none action will be taken. Many people loss their jobs and business establishments are closing down as well because of the threat of the virus and government are finding ways to cope up this crisis and to support citizens as well. I believed that this crisis will continue whole year not unless vaccine is surely be developed to put end of this pandemic and to return to our normal life again, get our jobs back and re-build our world economy.

I don't think, that crisis will come. FED will print more money and everything will be again back - "working". Only money will lose value. But there is not enough people who are interested in it and will want to change the system, cause it is some-how working. But sometimes will be the system changed.

This topic is made relevant right now. Due to the fact that the world is facing a Pandemic and some third world countries are not able to mitigate the damage done on their economy, it will really take a toll on their financial resources. I doubt that some countries will really recover within the next two years due to the fact that some countries are still in debt even before the pandemic came.

Unfortunately, what so tragic about this crisis is the disproportional effect of our service workers, low income, low salary wage, minorities and skill service. Sadly, study shows more of the women are affected than men in job cuts. Thus, the government sees this problem and have they address it correctly? I'll just hope the crisis will end soon faster that I expected.

why women were affected than compare to men in terms of jobs ? it depend i guess if the company want to limit or to totally close the company all genders are going to get affected  .

 few business are still open but those business are not heavy duty and women are the one that is more capable to work on it  .  salary wage will depend on the country too , if poorer countries we can expect that pay is also small but this is already a problem before covid came   .

Financial crisis will surely come this year or even it will also come next year, if we are going to take a look at the effect of the virus it is clear that it is more than worst, in my country the year 2021 budget is now really affected so i believe that the crisis will come, we need to help each other for good and we need to be more patience and stay at home so that the virus will stop spreading and we can back to normal life.

financial condition in corona pandemic very different with before pandemic, many manufacture industry stop their operation and unfortunately they must laying off some of employees. much people be jobless now and its be hardest condition when they laying off and there is no job vacation again due many company prefer to decrease their employees. government now working hard to make this situation be better, they set new rule for new normal so every one could work to earn money.

If governments begin to print more money and national paper money depreciates, this is called inflation, and it is it that is a sure sign of the onset of the global economic crisis. Now the economic situation in most states continues to deteriorate, despite the peppy statements of some states, such as the United States, that
that they can quickly rebuild their economies.
If another wave of coronavirus spreads and some countries are forced to return to strict quarantine measures, it will be safe to say that a global economic crisis is inevitable.

I have started to feel the financial crisis is already being in. There are quite a few shops which I know which were on rental have started to close it because they do not have money to pay those rentals now as there was no business from past 3 months. People have started to work from home and close their shops or to wind up their business as it is no more profitable or cannot pay the salary to their emphasis. this is all sign of the impact how economy may fall in coming months.

For what it's worth, more often than not history basically repeats itself. The graphs and charts of past events do not lie, and there are signs everywhere.  And as we always say here in crypto, those who had done their research will inevitably be in a better position to decide on any of their present and future financial investment plans.

I hope it will only restore and recover from now on since many countries do open doors up, people are allowed to go anywhere in masks mostly.
So it can prevent the rest of opened businesses to remain where they are at least

If we are going to put basis on the pandemic, i am sure that we can say that there will be an incoming finanacial crisis, i believe that the effect of the pandemic is worst and we can maybe still feel the crisis next year, we need to be more practical and patience this time for we can help the government solve the pandemic.

the financial crisis really happened at the beginning of this pandemic. at present, it seems that my country has adopted a number of policies so that economic activity has almost stabilized. to be honest, nowadays people see COVID-19 as something ordinary, just by using a mask, and social distancing, it can be avoided, so they thought. however, the government is currently trying to keep the crisis from getting worse.

Yes, we need to be cautious in order for the crisis to end soon. Only then can we overcome this crisis very easily. Human negligence usually exacerbates the effects of this crisis. It is unknown at this time what he will do after leaving the post.

government need to make breakthrough in their policies , if they didnt issue policy for economy activity everything will be worse and people's purchasing power will decrease alot. no one could not filled their needs if this happen , every person will be jobless. in several countries new normal already applied and people could go to their work again.

It is already expected since we can see the effect of pandemic already due to the economic decline in each country,

The effect of it will feel for the next coming year or even more if this pandemic will not be stopped for the next more months. As long as the number of infected patients will increases, this problem will take more time and continue to get worst.

Yes, history and current are very similar and the financial crisis will soon occur. I am surprised that the corona virus has been able to cause such economic paralysis for so long, and even worse is the political problems among the major countries in the world. This will cause many difficulties for countries' economies and it is difficult for the economy to recover. If the epidemic lasts for 3 more months, the risk of countries in the world will face economic crisis.

Every country is really having difficult time to manage their  economic crisis and this pandemic, since the lockdown was implemented because every workers and business were temporarily shutdown. That is why there are countries who are having huge debts in rich countries so they could have funds to provide their country's needs.

People thinking of COVID as something ordinary is the biggest mistake that they are making, it is just like playing with their lives and is quiet risky if you ask me. If a person gets infected then he can spread COVID to a lot more people until he realize that he was infected. Day by day the spread of COVID is getting bigger and bigger in most of the countries and now the countries can't afford another lockdown because of the falling economy and this can only be cured by the development of COVID vaccines which will take much longer time as expected to do clinical trials as well. So the financial crisis is imminent upon us.

Officially for a recession you need two quarters of negative GDP. There is zero chances Q3 of this year will not be negative for most of world countries. China will do fine and maybe some other countries. The rest will suffer specially countries highly dependant on tourism.  Recession is sure thing just not officially here yet.

  I am very worried if this will really happen. because the economic crisis will affect various sectors. such as chaos between people for survival. because it is not only a matter of health but even a matter of life and the future of the world.

Right now I'm worried about the world's population experiencing a financial crisis, because after experiencing quarantine for several months.
Most people's savings are used up because they buy their daily needs, which means that if they don't make money soon, they will experiencing
a financial crisis. The reality is now finding work is very difficult, because many companies and shops go bankrupt due to effect corona virus,
which saddens the government is very slow to deal with this problem.

What can we do? We need to spend our money to survive this pandemic even the government is having a hard time to control and help the community to its financial problem. We need to deal with the reality that this pandemic is existing and ruining the lives of most of the people, especially those poor people who have nothing to feed for his family.

Hoping that the government is responsible about the growth and recovery of the economy amidst this pandemic. Opening of businesses with "new normal" should happen so that businesses could pay taxes even if we are struggling to continue the operation of some businesses. Also to give work for those people and earn salary as they are also struggling, not only the government.

It is also because of the recession that we are experiencing right now. Businesses are closed that's why they are having a hard time to pay their taxes and grow their businesses again. Some of the businesses are closing permanently due to the bankruptcy that they are struggling. By that, people or workers will lost their job and it can worsen the financial crisis that we are experiencing.

Governments are really having a hard time and looking for a things that will help them end this financial crisis.

Our country is heavily in debt but the people are not benefiting due to the misallocation of the budget for this pandemic. That's why we don't feel any relief during this quarantine due to lack of financial assistance from the government or authorities.

at a time like this is that I strongly agree with our friends who say "so that the crisis can end soon", but this crisis is caused by the corona pandemic. so what is needed now is drugs and vaccines so that the corona pandemic can stop and not be prolonged. because if it continues to be prolonged there will be many impacts that can occur.

clearly developing and poor countries will be directly affected because they must be assisted with debt assistance so that the economy can run normally again. resulting in debt continues to haunt them and result in them being unable to compete in world trade.

It affects the entire country, without any business that will run inside the economy will surely suffer,
government needs to lift as long as they can.
handling situations like this depends from how the government officials will use their funds to help
every small businesses.
Allocations should be properly distributed to still continue to survive while this pandemic virus still
active around.

Maybe government always find a way to strengthen the financial status of the country but now that we are fighting against covid 19 pandemic,the economy crash and the factors that can help to sustain the financial stability of the country are also seriously affected. And now,we are currently experiencing a financial crisis ,so  much better to think an strategy to stay financially stable As much as possible and always save what we have now just to survive.

There will be financial crisis if your government management fall into the hand of corrupt people. Then there will be financial crisis of the country. Beside, when various kinds of epidemic, storms,rains, etc cause damage to the country. Then the financial crisis becomes more and more.


For example, in 2020 Ampan Corona will bring about a catastrophe that will lead to a financial crisis in Bangladesh.

The pandemic bring economic crisis with it and was that the crisis which everyone was talking about ? Or will there is another big financial crisis which will come in near future ?
Another World War could trigger another financial crisis, I don't think of any other cause of next financial and economic crisis.

I think the financial crisis has begun to be handled by the government so that by applying it to a new normal then the economy will advance again and can be said to be recovering quickly because of all the industries now starting to run again like stores, companies and employees have started to be hired again. it means that the current pandemic will not be as bad but for the economy it still has a high deficit and therefore I hope it will pass quickly and feel the fresh air out there.

I'm not so sure that will end so soon, I think that we are actually at the begininig.
Financial crisis was predicted long time ago and this pandemic just made things worse, more deep.and more global. In many countries crisis hasn't even strated fully and like you've said so many people have already lost their jobs and many companies and businesses are not doing well. To be honest I'm afraid what is yet to come by the end of the year.

Economic crises arise with a certain periodicity, however, and taking into account certain circumstances and global economic factors. However, they are necessary because they eliminate overproduction, improve the economy and create conditions for the next stage of development. The current global economic crisis is caused by almost artificially deliberate measures to reduce and even halt economic development as necessary measures to combat the spread of coronavirus. Whether these measures were necessary or not, we can say after a certain time.
In the meantime, we will be able to observe whether a decentralized cryptocurrency will be a refuge for protecting money from inflation of ordinary currencies.

The thing about financial crisis is that they are not predictable, not in terms of occurrence, intensity nor duration. They usually blind side you, because if conditions leading to a crisis were obvious then market activity on its own would avert it.

In other words, if a stock bubble was obvious to everyone, arbitrage traders and short sellers would pop it on their own.

Sometimes a crisis seems obvious in retrospect, but upon more detailed observation that is not really so. In 2008, for example, it seemed obvious that the housing market was way over valued to a lot of people who didn't have a direct stake in housing and related securities, but it wasn't the collapse of real estate values that sank the economy. It was the crisis in confidence following the failure of Lehman Brothers, and the recognition that many AAA-rates mortgage backed securities and derivatives were probably worthless, that turned the bust of the housing market into a global catastrophe. The overvaluation of the housing market was obvious and somewhat predictable. The contagion of fear following the collapse of Lehman was not.

This is really a good idea and I think many countries or some places atleast could follow this method. Many people during this time may not have income because of lockdown or loss of jobs so there would be something in house which is not useful to us but may be required to other and we can do it barter type. Though we used to have this concepts decades ago but still in today time is an effective method for some people. I will circulate this idea too all my friends and relatives and will try to work around on this concept.

Do you do it on any website or there is a market where people come and buy/sell it in barter way?